Stocks making the biggest moves in the premarket (1) :

$Continental Resources (CLR.US)$ – The oil and natural gas producer’s stock rallied 7.4% in the premarket after receiving a $70 per share “take private” bid from Chairman Harold Hamm and his family. The company’s board will establish an independent committee to evaluate the proposal.

$Oracle (ORCL.US)$ – Oracle surged 12% in premarket trading after reporting better-than-expected profit and revenue for its latest quarter. Oracle is seeing strong demand for its cloud software as more businesses transition to a hybrid workplace.

$National Vision (EYE.US)$ – The optical products retailer’s stock soared 14.3% in the premarket following news that it will be added to the S&P SmallCap 600 index. The change will be effective prior to the opening of trading on Thursday.

$Twitter (Delisted) (TWTR.US)$ – Twitter shares rose 2.7% in premarket action following news that Elon Musk would attend an all-hands employee meeting on Thursday. Musk agreed in April to buy Twitter for $44 billion but has since threatened to back out of the deal.

$Best Buy (BBY.US)$ – Best Buy fell 1.3% in premarket trading after Bank of America Securities downgraded the electronics retailer's stock to "neutral" from "buy." BofA points to increasing uncertainty about Best Buy's 2023 earnings prospects.