Check out the companies making the biggest moves in pre-market trading: Meme Stocks — GameStop is the first person posted online in 2021 by “Roaring Kitty,” the person who fueled the 2021 GameStop frenzy. The stock soared 120%, on top of Monday’s 74.4% rise. About 3 years. AMC stock rose 106%, while Reddit and Robinhood rose nearly 4% and 6%, respectively. Alibaba – The US-listed stock fell nearly 5% after the Chinese e-commerce giant reported an 86% drop in profits in its fourth quarter results. However, Alibaba’s revenue exceeded expectations, coming in at 221.9 billion yuan ($30.7 billion), compared to LSEG’s consensus estimate of 219.66 billion yuan. Home Depot — The home improvement retailer was down less than 1% following mixed quarterly results. Home Depot reported earnings of $3.63 per share, beating analysts’ estimates of $3.60 per share polled by LSEG. Revenue was $36.42 billion, below the consensus estimate of $36.66 billion. According to Sony – LSEG, the US-listed stock rose 3% after the PlayStation maker reported quarterly sales of 3.5 trillion yen, exceeding 2.89 trillion yen. However, operating income was lower than expected. Vodafone — The UK-based telco rose 3% after reporting full-year adjusted free cash flow and operating profit that beat expectations. The shoe maker soared 9% on the back of first-quarter profits that far exceeded analysts’ expectations – unchanged. On reported adjusted earnings per share of CHF 0.33, compared to analyst estimates compiled by FactSet of CHF 0.14. Net sales increased nearly 20%. Walmart — Stocks edged higher after the Wall Street Journal reported that the retail giant plans to cut hundreds of jobs and ask most remote workers to move into the office. United Airlines – Travel stock fell less than 1% after releasing update on summer travel. United Airlines said the Memorial Day period is expected to be the busiest on record, with the number of travelers up 10% from a year ago. NovoHis Nordisk – Shares drop below his 1% following new data from the Danish pharmaceutical company that patients who received Wigobee’s weight loss treatment maintained an average weight loss of 10% after four years The increase remained unchanged. —CNBC’s Jesse Pound and Alex Harring contributed reporting.
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