Shares for Endeavor Group ($EDR@US) and World Wrestling Entertainment ($WWE@US) dropped 3 percent and 6 percent in Monday’s premarket trading, respectively, following an announcement that the WWE would merge with the UFC to create a new company. Tesla ($TSLA@US) fell 3.1 percent in premarket trading after the electric vehicle maker reported on Sunday that its vehicle delivery fell short of Wall Street expectations. Macy’s ($MACY@US) jumped 3.8 percent after JPMorgan ($JPM@US) upgraded the higher-end retail giant to overweight. Margeta ($MQ@US) fell 4.2 percent in premarket trading after Morgan Stanley downgraded the payment services company to equal weight.