Several notable companies experienced significant premarket price changes, including Conagra, Levi Strauss, and Rite Aid.

Check out the companies making headlines before the bell:

Conagra's stock dropped 5.5% in the premarket after announcing a weaker-than-expected forecast for the fiscal year ending in May. The company's results are being affected by higher transportation and raw materials costs.

Levi Strauss exceeded expectations by 4 cents with an adjusted quarterly profit of 46 cents per share, and its revenue also surpassed Wall Street predictions. The apparel company experienced strong demand for its jeans, tops, and jackets while successfully increasing prices and decreasing promotions. As a result, Levi Strauss increased by 3% in premarket trading.

The stock price of HP is increasing by 15.2% in premarket trading after it was announced that Warren Buffett has invested an 11.4% stake in the company that produces personal computers and printers.

After Deutsche Bank downgraded Rite Aid from "hold" to "sell," the stock dropped 18.3% in premarket action. Deutsche Bank stated that Covid has accelerated the decline of the retail pharmacy industry, and there is a possibility that Rite Aid may not be able to generate enough earnings to remain operational.

Wayfair's stock price dropped 4.1% in the premarket after Wells Fargo downgraded it to "underweight" from "equal weight." The bank cited declining demand, overly optimistic forecasts, and other challenges as reasons for the downgrade.

The price hike for Runway's subscribers caused a 3.9% increase in the premarket value of the fashion rental company's stock.

CDK, the automotive retail technology provider, was acquired by Brookfield Business Partners for $54.87 per share in cash, which is a 12% premium over its Wednesday closing price.

After the White House announced a student loan payment moratorium extension, the online personal finance company's shares dropped 5.1% in the premarket.

Richard Liu, founder of JD.com, has stepped down as CEO and Xu Lei has been appointed as the new CEO of the Chinese e-commerce company. Liu will continue to serve as chairman. JD.com's stock price fell by 1.1% in the premarket.

Teladoc's stock increased by 1.5% in premarket trading after Guggenheim initiated coverage with a "buy" rating. Guggenheim stated that the healthcare industry is shifting towards digital interactions and that Teladoc has a wider range of services compared to other providers.