Stocks Making the Biggest Moves Premarket: Trump Media, GameStop, Dave & Buster's and More

Premarket Movers

Ahead of the opening bell, several stocks were making noteworthy moves.

Gainers

Trump Media & Technology Group (DWAC) shares surged by over 19% premarket. GameStop (GME) stock rose by around 6%, while Dave & Buster's Entertainment (PLAY) shares gained over 4%.

Other notable gainers included UMH Properties (UMH), which climbed by more than 6%, and Plug Power (PLUG), which advanced by over 3%.

Losers

Moderna (MRNA) stock fell by about 5% in premarket trading. RH (RH) shares declined by over 4%, and Nio (NIO) stock dropped by around 3%.

Other notable decliners included JD.com (JD), which fell by more than 3%, and Alibaba (BABA), which declined by over 2%.

Notable News

Trump Media & Technology Group's stock surge came after the company announced it had received a commitment for $1 billion in funding from a group of investors led by Cantor Fitzgerald.

GameStop's premarket gains followed news that the video game retailer had appointed former Amazon executive Matt Furlong as its new CEO.

Dave & Buster's shares rose after the entertainment company reported strong quarterly results, exceeding analysts' expectations.

Moderna's stock decline was likely due to profit-taking following the company's recent strong performance.

RH's premarket losses came after the home furnishings retailer announced it would be closing some of its stores and laying off employees.

Nio's stock fell after the electric vehicle maker reported lower-than-expected deliveries for the fourth quarter.

Market Outlook

The premarket moves suggest a mixed open for the broader market. Investors will be closely watching the release of economic data and corporate earnings reports in the coming days.

Overall, the premarket action provides an early glimpse of the potential trading activity for the day ahead.