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Premarket Movers Wednesday - Bed Bath & Beyond, Lyft, Zillow

Stocks moving in premarket trading include Bed Bath & Beyond, Lyft, Zillow Group, DuPont and CVS Pharmacy.

Stock futures traded mostly lower ahead of a crucial policy update from the Federal Reserve.

Here are some of the top movers ahead of the market action on Wednesday.

1. Bed Bath & Beyond BBBY | Up 49%

Shares of Bed Bath & Beyond  (BBBY) - Get Bed Bath & Beyond Inc. Report surged after grocery chain Kroger  (KR) - Get Kroger Co. Report said it would pilot an in-store format of the home-goods retailer in some of its stores next year.

2. Lyft LYFT | Up 14%

Lyft  (LYFT) - Get Lyft, Inc. Class A Report shares jumped after the ride-sharing company reported third-quarter earnings that beat analysts’ forecasts and said it was seeing a post-pandemic return of passengers and drivers to the roads.

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3. Zillow Group ZG | Down 15%

Shares of Zillow  (ZG) - Get Zillow Group, Inc. Class A Report tumbled after the real-estate firm said it was exiting the home-flipping business. Zillow said its algorithmic model to buy and sell homes rapidly doesn’t work as planned. Zillow will also reduce its workforce by 25% and take as much as $569 million in write-downs. 

4. DuPont DD | Up 1.6%

Shares of DuPont  (DD) - Get DuPont de Nemours, Inc. Report advanced after the specialty materials and chemicals company beat earnings expectations. Price increases matched raw-material inflation. DuPont swung to a third-quarter profit on an 18% jump in revenue.

5. CVS Health CVS | Down 1%

Shares of CVS Health  (CVS) - Get CVS Health Corporation Report slipped even after the pharmacy chain and healthcare firm posted stronger-than-expected third-quarter earnings. Vaccinations and Covid-19 tests boosted revenue and also lifted its 2021 profit forecast,