Prism Stocks making the biggest moves premarket: GameStop, Reddit, Take-Two Interactive Software and more

Here are the headline-grabbing companies you should be aware of before the market opens:

GameStop’s shares plummeted over 20% following the announcement of its plan to sell 45 million of its common shares. An unexpected decrease in sales for the first quarter also contributed to the downturn.

Meanwhile, Reddit’s shares rose by 10.5% due to their new partnership with OpenAI, a key integration that would provide Reddit with AI features and give OpenAI access to Reddit’s Data API for enhancing their AI models.

Take-Two Interactive Software reported a 2% decrease in shares, following news of a delay in the launch of their new Grand Theft Auto game to the fall of 2025.

Snowflake’s shares took a minor hit, dipping by 0.3% amidst rumors of a potential acquisition of Reka AI at an estimated value exceeding $1 billion.

On the contrary, shares of Doximity soared nearly 18% following better than anticipated fourth-quarter results, with an EPS of 25 cents and revenue of $118 million, surpassing estimates.

Globant SA’s shares fell by more than 3% after the IT company issued a weaker Q2 earnings guidance, despite first-quarter results being consistent with expectations.

The Cracker Barrel Old Country Store saw major losses, with shares collapsing nearly 15% after the decision to cut its dividend by 80% as part of its strategic transformation plan.

Applied Materials’ shares increased by 1.2% after reporting strong second-quarter earnings and matching revenue expectations. This announcement led several firms to raise their price targets.

Lastly, DXC Technology’s shares nosedived by over 23% following weaker than expected first-quarter earnings and revenue projections, despite surpassing fourth-quarter estimates.