Several companies saw significant movements in premarket trading, including meme stocks like GameStop and AMC, as well as Alibaba, Home Depot, Sony, Vodafone, On Holding, Walmart, United Airlines, and Novo Nordisk. GameStop soared 120% after “Roaring Kitty” posted online for the first time in years, while AMC jumped 106%. Alibaba’s U.S.-listed shares dropped 5% despite beating revenue expectations. Home Depot slipped slightly after reporting mixed quarterly results, including earnings per share that topped analyst expectations but revenue that fell short. Sony’s shares rose on better-than-expected quarterly revenue, though operating profits were lighter than anticipated. Vodafone gained 3% after exceeding expectations for full-year adjusted free cash flow and operating profit. On Holding saw a 9% jump in shares following first-quarter earnings that far surpassed analyst predictions.
Walmart’s shares inched higher after reports of job cuts and a request for remote workers to move back to offices. United Airlines saw a slight decrease in its stock price after predicting a record-breaking Memorial Day period with a 10% increase in travelers year over year. Novo Nordisk experienced a minimal increase in shares after announcing data showing patients taking its Wegovy weight-loss treatment maintained a 10% weight loss on average after four years. Overall, the premarket trading session included a mix of positive and negative movements, with some companies exceeding expectations and others falling short.
The soaring meme stocks GameStop and AMC attracted attention with GameStop gaining 120% and AMC jumping 106%. Alibaba’s U.S.-listed shares dropped 5% despite beating revenue expectations, reporting an 86% drop in profits for its fiscal fourth quarter. Home Depot slipped less than 1% after releasing mixed quarterly results, including EPS that exceeded analyst estimates but revenue that fell short. Sony’s shares rose 3% following better-than-expected quarterly revenue, while Vodafone gained 3% after surpassing expectations for full-year adjusted free cash flow and operating profit. On Holding saw a significant 9% jump in shares after reporting first-quarter earnings that far exceeded analyst predictions.
Walmart experienced a slight increase in shares after news broke that the retail giant plans to cut hundreds of jobs and is asking remote workers to return to offices. United Airlines saw a less than 1% decrease in its stock price despite predicting a record-breaking Memorial Day period with a 10% increase in travelers year over year. Novo Nordisk reported minimal movement in shares after releasing data that patients on its Wegovy weight-loss treatment maintained a 10% weight loss on average after four years. The premarket trading session included a mix of companies that exceeded expectations, such as GameStop, Sony, Vodafone, and On Holding, and those that fell short, like Alibaba, Home Depot, and United Airlines.
The premarket trading session featured a range of companies making significant moves, with GameStop and AMC leading the way with impressive gains. Alibaba’s U.S.-listed shares saw a drop despite beating revenue expectations, while Home Depot, Sony, and Vodafone experienced varying movements following the release of their quarterly results. On Holding’s shares surged after a strong earnings report, while Walmart and United Airlines saw more modest changes in their stock prices. Novo Nordisk reported minimal movement in shares after releasing data on its weight-loss treatment. Overall, the premarket session showcased a mix of companies surpassing expectations and facing challenges, offering a glimpse into the current market landscape and investor sentiment.
