Stock Market

Stocks making the biggest moves premarket: Home Depot, Capital One, Dish Network & more

In this article

A Home Depot store in Hyattsville, Maryland, on February 22, 2022.
Stefani Reynolds | AFP | Getty Images

Check out the companies making headlines in premarket trading.

Dish Network — The satellite TV provider added 5.2% in premarket trading after director James DeFranco disclosed the purchase of 3 million shares.

Home Depot, Lowes — The home improvement retailers lost 3.5% and 2.8% in premarket trading on Tuesday, after Home Depot reporting the biggest revenue miss in over 20 years. The company reported revenue of $37.26 billion against a Refinitiv consensus forecast of $38.28 billion. Lowes will report quarterly results on May 23.

Capital One — The firm gained 6.3% after a regulatory filing showed Warren Buffet’s Berkshire took a new stake in the firm worth over $950 million.

Seagen — The biotechnology company lost 4.5% in premarket trading Daniel Welch, a director at Seagen, disclosed the sale of 1,864 shares, a stake worth $371,961.

Nu Holdings — Nu Holdings popped 5.9% after the fintech firm topped analysts’ first-quarter earnings expectations. Nu reported adjusted net income of $182.4 million, greater than the consensus estimate of $113.4 million, according to FactSet. It posted revenue of $1.6 billion, compared to analysts’ forecasts of $1.40 billion.

Sea Limited — Shares shed nearly 8% after the Singapore-based technology company reported earnings before the open. Its first-quarter revenue came in at $3.04 billion, less than the $3.06 billion expected from analysts polled by StreetAccount. Sea Limited also reported GAAP earnings of 15 cents per share. However, it wasn’t clear if that was comparable to a StreetAccount forecast.

— CNBC’s Michelle Fox and Sarah Min contributed reporting

Articles You May Like

Bankruptcy snares municipal bonds for wood pellet operator
Data centres have turned Big Tech into big spenders
California’s efforts to provide equitable public broadband hit fresh hurdles
Infected blood inquiry finds ‘chilling’ cover-up of decades-long scandal
US stocks hit record high as volatility hovers near pre-pandemic low