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

Take a look at some of the biggest moves.

Walmart slumped in premarket trading after missing expectations for the first quarter. Inflationary pressures offset the positive impact of better-than- expected sales as the retail giant earned 13 cents a share, 18 cents a share below estimates.

The home improvement retailer reported better-than-expected profit, revenue and comparable sales for the first quarter, and raised its full-year forecast. Home Depot earned $4.09 per share for the quarter, compared to a consensus estimate of $3.68 a share.

Following news that Warren Buffet's company took a $3 billion stake in Citigroup during the first quarter, the bank's shares rallied 5.4% in the premarket. The latest 13-F filing shows that the company sold all of its stake in the company.

The shares of United Airlines rose 4.6% in premarket action after the airline raised its current-quarter revenue forecast.

In the premarket, Twitter fell 1% as Musk continued to cast doubt on whether his deal to buy the company for $54.20 per share will be completed. There could be at least four times the number of fake accounts than the company has said, according to Musk.

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 game maker, and are expecting a more upbeat outlook once the acquisition of ZNGA closes.

The China-based e-commerce giant saw increased demand amid new Covid-related lockdowns as it beat top-line and bottom-line estimates for its latest quarter. There are hopes for relaxed regulatory curbs on tech companies and that is helping the stock of JD.com.

Despite a 15% slide in quarterly revenue, the shares of Tencent Music Entertainment jumped in premarket trading. Those hopes for looser regulatory curbs are helping the shares of Tencent Music.

The CFO of Lordstown said that doubts about the electric vehicle maker's ability to stay in business will remain until it gets more funding. Lordstown issued a warning in June of 2021. The stock fell before the market opened.