Here’s a look at the biggest gainers in premarket trading: Meme Stock – GameStop soared 120%, rising 74.4% on Monday, after “Roaring Kitty,” the man driving the 2021 GameStop craze, was first posted online. AMC shares soared 106%, while Reddit and Robinhood rose 4% and nearly 6% respectively. Alibaba — The Chinese e-commerce giant reported an 86% drop in fiscal fourth-quarter profit, sending its U.S.-listed shares down nearly 5%. However, Alibaba’s revenue beat expectations, reaching 221.9 billion yuan ($30.7 billion), compared with LSEG’s consensus estimate of 219.66 billion yuan. Home Depot — The home improvement retailer’s shares fell less than 1% on mixed quarterly results. Home Depot reported earnings of $3.63 per share, higher than the $3.60 expected by analysts polled by LSEG. Revenue was $36.42 billion, missing the consensus estimate of $36.66 billion. Sony – The PlayStation maker’s U.S.-listed shares rose 3% after it reported quarterly revenue of 3.5 trillion yen, topping 2.89 trillion yen, according to LSEG. However, operating profit was lower than expected. Vodafone — Shares of Vodafone rose 3% after the British telecom company beat full-year adjusted free cash flow and operating profit estimates. HOLD – Shares of the footwear maker rose 9% as first-quarter profit far exceeded analysts’ expectations. On reported adjusted profit of 0.33 Swiss francs per share, while analysts polled by FactSet expected a profit of 0.14 Swiss francs. Net sales grew nearly 20%. Walmart — Shares of Walmart are trading higher after a Wall Street Journal report said the retail giant plans to lay off hundreds of workers and ask most of its remote workers to move into offices. United Airlines — The travel stock fell less than 1% after releasing a summer travel update. United Airlines said it expects to have its busiest Memorial Day period ever, with passenger numbers expected to increase by 10% annually. Novo Nordisk — Shares of Danish drugmaker Novo Nordisk rose less than $1 after new data showed patients receiving the Wegovy weight loss treatment lost an average of 10% of their weight after four years. %. —CNBC’s Jesse Pond and Alex Harlin contributed reporting.
