$FedEx (FDX.US)$ – FedEx remains on watch after plunging 21....

$FedEx (FDX.US)$ – FedEx remains on watch after plunging 21.4% in Friday’s trading following an earnings warning, its biggest-ever one-day decline.

$NCR Corp (NCR.US)$ – NCR slid another 1.3% in the premarket on top of a 20.3% plunge Friday after Morgan Stanley downgraded the stock to “equal-weight” from “overweight.” The Friday decline followed news that NCR would separate into two separate companies, and Morgan Stanley said any unlocking of value from that move may take a long time to play out.

$Adobe (ADBE.US)$ – Wells Fargo downgraded the software company’s stock to “equal weight” from “overweight,” saying Adobe’s planned acquisition of online design firm Figma is a good product fit but that the $20 billion price tag leaves little room for error. Adobe fell 1.3% in premarket trading after falling 16.8% last Thursday and another 3.1% on Friday.

$Theravance Biopharma (TBPH.US)$ – Theravance has initiated a $250 million stock buyback program. As part of that program, it will buy the 9.6 million shares held by pharmaceutical company $GlaxoSmithKline (GSK.US)$. Theravance added 3.2% in the premarket.