Consult the companies that make securities in the trading of lunch.
GameStop – The shares of the game retailer continued their rally, as the share price doubled, exceeding 360 USD, increasing by 140%. Retail investors raised the share price above, pushing back against the missing sellers. Melvin Capital, who was short GameStop, closed his position on Tuesday afternoon, after facing losses.
AMC Entertainment – The movie operator enjoyed a 175% increase, starting at $ 20.34 a day, before returning to about $ 15 per share. This is another 200% increase from Tuesday’s close. Trading volume rose sharply for AMC Entertainment – more than 689 million shares changed hands today – while retail investors continue to push against missing sellers.
Bed Bath & Beyond – The shares of the home goods retailer rose by more than 35% over $ 50, up from $ 42.98. The company was a favorite of speculative traders, supported by small investors who bet against short sellers. The price of Bed Bath & Beyond shares rose, despite the fact that Baird downgraded the company to neutral on Wednesday.
Microsoft – Shares rose 2% following strong tech giant quarterly earnings. Microsoft’s revenue grew 17% year-on-year due to its cloud-based business growth, up from 12% in the previous quarter, according to a statement. Microsoft reported earnings per share of $ 2.03 on revenue of $ 43.08 billion. Wall Street expected $ 1.64 per share at revenue of $ 40.18 billion, according to Refinitiv.
Starbucks – The coffee chain saw its stock fall 5.75% at noon trading, after declaring on Tuesday night that its sales in the same US store fell 5% in the first fiscal quarter, amid a wave of new cases Covid-19. The company also announced that chief operating officer Roz Brewer will leave the company in late February to become the CEO of another listed company.
Advanced Micro Devices – AMD’s capital fell 4.8% in the middle of the trading session, after reporting profit results on Tuesday, even above analysts’ expectations, with earnings per share of 52 cents compared to the 47 cents expected. Despite the pace, Wednesday’s trading left some analysts wondering if investors expected even more from the chip maker in Santa Clara, California.
Boeing – US aircraft’s shares fell 3 percent Wednesday morning after the company reported a quarterly loss of $ 15.25 per share due in part to $ 8.3 billion in taxes on the 737 Max and a 777-day delay. X. CEO Dave Calhoun told CNBC on Wednesday that the slow release of Covid-19 vaccines will prolong the recovery in travel demand.
F5 Networks – The application services company’s shares fell more than 3%, despite exceeding Wall Street estimates for its quarterly revenue. F5 reported earnings of $ 2.59 per share, compared to $ 2.47 per share expected by analysts, according to Refinitiv. The company generated revenue of $ 625 million, as expected.
Texas Instruments – Texas Instruments reported an adjusted quarterly profit of $ 1.64 per share, 30 cents above estimates, while the chip maker’s revenue was also above estimates, according to Refintiv. However, the chip manufacturer’s stock decreased by 4%.
Brinker International – The restaurant company’s shares fell more than 7% after Brinker reported results for the second fiscal quarter. The company reported adjusted earnings per share of 35 cents, with revenues of $ 761 million, slightly exceeding the consensus estimates from Refinitiv on both aspects. Some analysts pointed out in customer notes that the number of earnings was increased by a tax benefit. Brinker said 18% of its locations in Chile and 31% of its locations in Maggiano are still closed due to the pandemic.
Anthem – Anthem shares fell more than 6%, despite exceeding Wall Street expectations on the top and bottom lines in its fourth-quarter report. The insurance company reported earnings per share of $ 2.54 with revenue of $ 31.82 billion. Analysts surveyed by Refinitiv generated revenue of $ 2.52 per share and $ 30.78 billion. However, according to FactSet, the earnings guidelines for 2021 were lower than expected.
– with reports from Thomas Franck, Jesse Pound and Darla Mercado from CNBC.