An exterior view of the Party City store, which closes on July 8, 2020 in Pembroke Pines, Florida.
Johnny Louis | Getty Images
Consult the companies that make securities in the trading of lunch
Intel – Chip maker shares rose more than 8 percent after CNBC’s David Faber reported that CEO Bob Swan will step down next month. The company later confirmed the news. Intel has struggled in recent years, losing market share to competitors such as AMD.
Airbnb – Holiday rental stock rose more than 6% on Wednesday, up 8.6% from the previous session. The stock had a volatile start to the year and is on its sixth day, moving more than 3% in 2021. Airbnb said it is canceling and blocking future bookings in the Washington, DC subway area during President’s week. – select Joe Biden’s inauguration.
Zoom Video – Shares rose more than 7%, continuing to recover from recent losses. The popular stay-at-home bet, which rose 395% in 2020, has weakened in recent weeks as investors exit the pandemic games in flight. The stock fell by almost 30% in December. The video conferencing company issued new shares to raise about $ 1.75 billion in cash on Wednesday. Jim Cramer of CNBC said Zoom is here to stay and that the recent withdrawal could be completed.
GameStop – The company’s video has grown by more than 60% to a record, after the company announced the co-founder and former CEO of Chewy, Ryan Cohen, who joins the board. Wednesday’s jump brought the current earnings of the stock week to over 80%.
Party City – Shares fell more than 14% as the company provided weak guidance for the fourth quarter at an investor conference. The retail chain said the rapid growth of new coronavirus cases had a greater-than-expected impact on consumer behavior, including the small size of social gatherings.
General Motors – Shares continued to rise further after the company unveiled several new projects earlier this week, including an electric shuttle and a flying car. Nomura Instinet updated the stock to buy from neutral and praised its electric vehicle strategy. The stock gained almost 12% this week alone.
Urban Outfitters – The retailer fell 6% after declaring that sales for the two-month period ending December 31 fell 8.4% year-on-year. The company also announced the departure of CEO Trish Donnelly starting January 31.
Target – Shares advanced to a new all-time high on Wednesday, before returning those gains and trading about 1% lower. The move came after Target said sales at the same store rose 17.2% over the holidays, with online sales more than doubling in November and December.
KB Home – The housing construction company gathered more than 5% after KB Home reported better-than-expected quarterly revenues. KB Home reported earnings of $ 1.12 per share on revenue of $ 1.19 billion. Analysts had expected earnings of 93 cents a share on revenue of $ 1.14 billion, according to Refinitiv.
Exxon Mobil – Energy giant shares rose more than 1% after JPMorgan updated its stock to neutral overweight. The company said the Exxon dividend is safe, replicating Morgan Stanley’s sentiment in Monday’s Exxon update.
Twitter – Shares on social media rose more than 2% after MKM Partners updated the company to buy from neutral, saying it is ready to let go of the negative sentiment resulting from the pandemic and politics. Shares fell more than 11 percent in the new year as Twitter and other companies step up their efforts to get rid of their content services that could lead to violence, such as the events of the Capitol insurgency. Twitter has permanently suspended President Donald Trump’s account.
– CNG’s Maggie Fitzgerald, Jesse Pound, Pippa Stevens and Fred Imbert contributed to the reporting.
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