Nvidia, Apple and GameStop rise premarket; Tesla, DraftKings fall

May 28, 2024 09:26 PM AEST | By Investing

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Nvidia, Apple and GameStop rise premarket; Tesla, DraftKings fall

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Investing.com -- U.S. stock futures edged higher Tuesday, starting the holiday-shortened week on a positive note ahead of the release of more key inflation data.

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

Nvidia (NASDAQ:NVDA) stock rose 2.7%, with the tech giant’s stock continuing to gain, with its market value surpassing $2.5 trillion since its quarterly results, solidifying its position as the third most valuable company on Wall Street.
Apple (NASDAQ:AAPL) stock rose 1.9% after the iPhone maker’s smartphone shipments in China were 52% higher in April than a year ago, according to data from a research firm affiliated with the Chinese government.
Tesla (NASDAQ:TSLA) stock fell 0.5% following reports that proxy advisor Glass Lewis has called on shareholders to reject a proposal that would see CEO Elon Musk paid $56 billion.
GameStop (NYSE:GME) stock soared over 24% after the video game retailer said it raked in more than $933 million from the sale of 45 million shares.
DraftKings (NASDAQ:DKNG) stock fell 8.4% and Flutter Entertainment (NYSE:FLUT) dropped 4.3% after the Illinois Senate passed a bill that includes a sports-betting tax hike.
CAVA Group (NYSE:CAVA) stock rose 2.9% ahead of the first-quarter earnings from the Mediterranean restaurant chain, as it rapidly opens new locations throughout the U.S. market.
Insmed (NASDAQ:INSM) stock more than doubled after the biopharmaceutical company announced positive results in Phase 3 trials for its drug to treat non-cystic fibrosis bronchiectasis.

This article first appeared in Investing.com

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