Movers & Shakers: FedEx shares are falling, Nio’s are rising and other stocks on the move

Here are some of the biggest movers ahead of Wednesday’s market open:

Stock gainers:

Shares of Nio Inc. NIO, -0.53% rose 2% after a near 4% gain in Hong Kong as the Chinese electric-vehicle maker unveiled plans for an investment of more than $ 1 billion from an Abu Dhabi government-backed fund.