Stocks making the biggest premarket moves: Eli Lilly, Travelers, United Airlines, Alcoa and more

Check out the companies making the biggest moves in premarket trading: Eli Lilly , ResMed — Eli Lilly's stock moved 2% higher following the pharmaceutical giant's announcement that its weight loss drug Zepbound showed the potential to treat patients with obstructive sleep apnea. Shares of ResMed, which makes devices to treat the sleep-related breathing disorder, tumbled nearly 4% on the news.

Holding — U.S.-listed shares sank 5% after the Dutch semiconductor company posted revenue and new bookings that came in below consensus estimates. Urban Outfitters — Shares of the retail company fell 5% after a downgrade to underperform from hold by Jefferies. The investment firm said that foot traffic growth appears to be slowing at Urban Outfitter's branded stores.

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Mixed Performance in Asian Stocks as Japanese Markets Rebound, Chinese Stocks FallAsian stocks were a mixed bag on Monday as Japanese markets rebounded from sharp losses seen last week, while Chinese stocks fell amid renewed concerns over the country’s property market.
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