Stock futures were looking for direction in the premarket hours of Wednesday as investors awaited a series of key economic reports. Here are some of Wednesday's biggest stock movers: Biggest stock gainers GameStop ( NYSE: GME ) +11% - Shares surged after posting a mixed Q4 earnings report and revealing plans to invest in Bitcoin ( BTC-USD ). Revenue fell 28.5% Y/Y, with hardware and accessories making up 56.6% of sales (down from 61% a year ago), while software sales dropped to 22.3% from 26%. However, collectibles revenue rose to 21.1% of total sales from 13%. The company reported net income of $131.3M, up from $63.1M last year, with EPS of $0.30, beating the $0.08 consensus and surpassing $0.22 from the previous year. Chewy ( NYSE: CHWY ) +6% - Shares climbed after the company reported a strong Q4, surpassing estimates on both revenue and earnings. Active customers grew 2.1%, with net sales per customer up 4.1%, while autoship sales surged to 80.6% of total sales from 76.4% last year. CEO Sumit Singh highlighted that both topline growth and profitability exceeded the high end of guidance, driven by strong customer growth and autoship loyalty. Looking ahead to 2025, he noted continued business momentum and a commitment to driving innovation in the pet category.
