See which companies are making the biggest moves in premarket trading: Meme Stock – GameStop shares soar 120%, adding to Monday’s 74.4% gain after the man who sparked the GameStop frenzy of 2021 first posted in Internet “Roaring Kitty”. about three years. AMC shares rose 106%, while Reddit and Robinhood shares gained 4% and nearly 6%, respectively. Alibaba – U.S.-listed shares fell nearly 5% after the Chinese e-commerce giant reported an 86% drop in profit for its fiscal fourth quarter. However, Alibaba’s revenue exceeded expectations, amounting to 221.9 billion Chinese yuan ($30.7 billion) versus the LSEG consensus estimate of 219.66 billion yuan. Home Depot — Shares of the home improvement retailer fell less than 1% amid mixed quarterly results. Home Depot reported earnings per share of $3.63, beating the $3.60 expected by analysts surveyed by LSEG. Revenue was $36.42 billion, missing the consensus estimate of $36.66 billion. Sony – U.S.-listed shares rose 3% after the PlayStation maker reported quarterly revenue of 3.5 trillion yen. surpassing 2.89 trillion yen on LSEG. However, operating profit was lower than expected. Vodafone – Shares of the British telecommunications company rose 3% after its full-year adjusted free cash flow and operating profit beat expectations. About the holding – Shares of the shoe maker jumped 9% on first-quarter earnings that far exceeded analysts’ expectations. On reported adjusted earnings of CHF0.33 per share, while analysts polled by FactSet were expecting CHF0.14. Net sales jumped nearly 20%. Walmart — Shares rose after the Wall Street Journal reported that the retail giant plans to cut hundreds of jobs and is asking most remote workers to move into offices. United Airlines – Travel stocks fell less than 1% after the summer travel news. United said it expects this to be its busiest Memorial Day holiday period ever, with travel numbers up 10% year over year. Novo Nordisk – Shares rose less than 1% after new data from the Danish drugmaker showed that patients taking the weight-loss drug Wegovy maintained an average of 10% weight loss over four years. — CNBC’s Jesse Pound and Alex Harring contributed reporting.
