GameStop, AMC Entertainment, Home Depot rise premarket; Alibaba falls By
2024-05-14 20:20:17
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-- U.S. stock traded largely unchanged Tuesday, ahead of the release of key producer inflation data.

Here are some of the biggest premarket U.S. stock movers today:

  • GameStop (NYSE:) and AMC Entertainment (NYSE:) stock both more than doubled as a rally in so-called meme stocks continued after a key figure in their 2021 rally re emerged from an extended break on social media.

  • Kraft Heinz (NASDAQ:) stock rose 0.1% after the Wall Street Journal reported that the packaged foods giant is exploring a sale of its Oscar Mayer meats business that could fetch anything between $3 billion to $5 billion.

  • Apple (NASDAQ:) stock rose 0.2% after Bloomberg reported the tech giant is gearing up to sell its Vision Pro mixed-reality headset outside the United States, in a bid to invigorate demand for its most expensive bet in years.

  • (NYSE:) stock rose 0.5% after the home-improvement retailer beat profit estimates for the first quarter but sales fell slightly short as the spring selling season got off to a delayed start.

  • (NYSE:) stock rose 12% after the online payments company reported an increase in revenue in the first quarter and reaffirmed its full-year outlook.

  • (NYSE:) ADRs fell 4.5% after the Chinese e-commerce company reported March quarter earnings below expectations, posting a 86% profit drop, though revenue was above expectations.

  • (NYSE:) stock rose 10% after the sportswear company reported a surge in net profit for the first-quarter, helped by increased revenue supported by direct-to-consumer sales.

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