Business

GameStop, AMC, Beyond Meat and others


Check out the companies that make headlines before the alarm goes off:

GameStop (GME) – The video game retailer – one of the so-called “meme” stocks – has lost another 3.1% in money markets after falling nearly 14% yesterday to closing levels. lowest since March. GameStop saw its stock slide last week after reporting a broader quarterly loss.

AMC Entertainment (AMC) – Shares of the movie theater operator fell 6% in pre-market trading, after extending its bearish streak to 3 days with a steeper 15% drop on Monday. Last week, CEO Adam Aron sold all of his shares in AMC while Chief Financial Officer Sean Goodman sold most of his AMC shares.

Besides meat (BYND) – The plant-based meat substitutes maker saw its shares rise 4.8 percent in pre-sale trading, putting it on a string of breakers. 3 days discount. Piper Sandler upgraded the stock to “neutral” from “lightweight,” said a nationwide launch at McDonald’s (MCD) can occur in less than 3 months.

Pfizer (PFE) – The drug maker says a final study of its antiviral Covid-19 pill found it to be 89% effective at preventing hospitalization and death in at-risk patients. high, similar to what previous studies have shown. It added that the drug appeared to be effective against the omicron variant.

Tesla (TSLA) – Tesla shares fell 1.5% in pre-market trading after CEO Elon Musk sold more of his shares to cover tax bills from exercising stock options. Tesla is down more than 20% from its all-time high, and its overall market value has fallen back below the $1 trillion mark.

Weibo (WB) – Weibo fell 5.3% in the cryptocurrency market after the China-based social media company was fined 3 million yuan (about 471,000 USD) by regulators for claiming that a Weibo’s account numbers and content violated various laws and regulations.

Global Terminix (TMX) – Pest control company shares surge 21.9% in money markets after it was agreed to buy back by British rival Rentokil for $6.7 billion in cash and stock.

Alcoa (AA) – Shares of the aluminum producer rose 4.2% in pre-market trading after news that the stock would be added to the S&P Midcap 400 Index ahead of the start of trading on Wednesday. Two come. It replaces Hill-Rom Holdings, is being acquired by Baxter International (BAX).

Dell Technology (DELL) – The computer maker’s stock has been downgraded to “line-up” from “outperform” at Evercore, marking Dell’s nearly 60% price increase this year ahead of the PC market. individuality is regulated. Dell lost 1.7% in the money market.

Ralph Lauren (RL) – The clothing maker fell 3% in the money markets after Goldman Sachs double downgraded it to “sell” from “buy” on the argument that brand momentum indicators are fading.

Neogene (NEOG) – Shares of the food safety company jumped 12.1% in pre-market trading after the company announced a merger agreement with the food safety division of the U.S. Food and Drug Administration. 3M (MMM).

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