Stocks making the biggest moves in the premarket: Walmart, Home Depot, Citigroup and more

cnbc.com:

Take a look at some of the biggest movers in the premarket:

Walmart (WMT) – Walmart slumped 7% in premarket trading after missing bottom-line expectations for the first quarter. The retail giant earned $1.30 per share, 18 cents a share below estimates as inflationary pressures offset the positive impact of better-than-expected sales.

Home Depot (HD) – Home Depot added 2.7% in the premarket after the home improvement retailer reported better-than-expected profit, revenue and comparable sales for the first quarter, while also raising its full-year forecast. Home Depot earned $4.09 per share for the quarter, compared to a consensus estimate of $3.68 a share.

Citigroup © – Citi rallied 5.4% in the premarket following news that Berkshire Hathaway (BRK.B) took a nearly $3 billion stake in the bank during the first quarter. Berkshire's latest 13-F filing also showed that the company sold nearly all of an $8.3 billion stake in Verizon (VZ), whose shares fell 1%.

United Airlines (UAL) – United Airlines shares rallied 4.6% in premarket action after the airline raised its current-quarter revenue forecast, saying it expects its busiest summer since before the pandemic began.

Twitter (TWTR) – Twitter fell 1% in the premarket as Tesla CEO Elon Musk continues to cast doubt on whether his deal to buy Twitter for $54.20 per share will be completed. Musk is suggesting that he could seek a lower price, saying there could be at least four times the number of spam or fake accounts than the company has said.

Take-Two Interactive (TTWO) – Take-Two jumped 4.9% in the premarket despite a quarterly miss in its key bookings metric as well as weaker-than-expected guidance. Analysts have pointed to a history of conservative guidance from the video