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

Dish Network:

Dish Network, the satellite TV provider, saw a premarket trading increase of 5.2% as director James DeFranco revealed the purchase of 3 million shares.

‍

Home Depot, Lowes:

Home improvement retailers Home Depot and Lowes experienced premarket trading declines of 3.5% and 2.8% respectively on Tuesday. This came after Home Depot reported its largest revenue miss in over 20 years, with revenue of $37.26 billion compared to the Refinitiv consensus forecast of $38.28 billion. Lowes is scheduled to release its quarterly results on May 23.

‍

Capital One:

Capital One witnessed a gain of 6.3% following a regulatory filing that disclosed Warren Buffet's Berkshire Hathaway took a new stake in the firm, amounting to over $950 million.

‍

Seagen:

Biotechnology company Seagen faced a premarket trading loss of 4.5% when director Daniel Welch disclosed the sale of 1,864 shares, representing a stake worth $371,961.

‍

Nu Holdings:

Fintech firm Nu Holdings experienced a surge of 5.9% as it surpassed analysts' expectations for first-quarter earnings. Nu reported adjusted net income of $182.4 million, surpassing the consensus estimate of $113.4 million according to FactSet. It posted revenue of $1.6 billion, exceeding analysts' forecasts of $1.40 billion.

‍

Sea Limited:

Shares of Singapore-based technology company Sea Limited declined by nearly 8% following its earnings report before the market open. The company's first-quarter revenue stood at $3.04 billion, slightly below the expected $3.06 billion from analysts polled by StreetAccount. Sea Limited also reported GAAP earnings of 15 cents per share, although it was unclear if this figure was comparable to a StreetAccount forecast.

‍