Gametop, AMC Entertainment, Microsoft and more

Check out the companies making headlines in afternoon trading.

GameStop – Gaming retailer shares continued their rally, as the stock price more than doubled to $ 360 from $ 360. Retail investors have kept the share price high, pushing back against short sellers. Melvin Capital, which had a lower gamestop, closed its position on Tuesday afternoon after suffering losses.

AMC Entertainment – The movie theater operator enjoyed a 175% gain, beginning the day at $ 20.34, before returning around $ 15 a share. The closure on Tuesday still increased 200%. Trading volumes for AMC Entertainment have accelerated – with more than 689 million shares exchanged hands today – as retail investors pursue short sellers.

Bed Bath & Beyond – The home merchandise retailer’s shares climbed more than 35% to $ 42.98 from its previous price of $ 50. The company has been a favorite of speculative traders, influenced by betting against small speculators. The company was neutralized by the upgrade on Wednesday, despite Baird in Bed Bath and Beyond’s share price.

Shares are up 2% after strong quarterly earnings from Microsoft – tech giants. According to a statement, Microsoft revenue grew 17% year-on-year, 12% growth due to growth in its cloud business. Microsoft reported earnings per share of $ 2.03 on revenue of $ 43.08 billion. According to Refinitiv, Wall Street expected $ 1.64 per share on revenue of $ 40.18 billion.

Starbucks – The coffee chain saw its stock fall 5.75% in midday trading after Tuesday evening, saying its US store sales fell 5% amid a surge of new Kovid-19 cases. The company also announced that Chief Operating Officer Rose Brewer would leave the company in late February to become the CEO of another publicly traded company.

Advanced Micro Devices – AMD Equity dipped 4.8% through the trading session, well above analyst expectations after reporting profits on Tuesday, with earnings per share of 52 cents vs. 47 cents. Despite the beats, Wednesday’s business left some analysts wondering whether investors expected even more from the Santa Clara, California-based chipmaker.

Boeing – Shares of the American aircraft manufacturer declined 3% Wednesday morning after the company delayed $ 8.3 billion in share and $ 77 billion in 777-X programs, according to $ 15.25 per share in 737 Max-related charges. Recorded a quarter loss. CEO Dave Calhoun told CNBC on Wednesday that the slow rollout of Kovid-19 vaccines would improve travel demand.

F5 Network – Application services company shares fell more than 3% despite beating Wall Street’s own quarterly earnings estimates. F5 reported earnings of $ 2.59 per share, compared to $ 2.47 per share expected by analysts, according to Refinitive. The company made $ 625 million in revenue, in line with expectations.

Texas Instruments – Texas Instruments adjusted quarterly profit of $ 1.64 per share, up 30 centimeters from the estimate, while the chipmaker’s revenue was also above estimates. However, Chipmacher’s stock fell 4%.

Brinker International – Restaurant company shares fell more than 7% after reporting results for the second quarter of Brinker’s financial year. The company reported $ 761 million in revenue, 35 cents in adjusted earnings per share, slightly above consensus estimates from Refinitive on both counts. Some analysts reported in customer notes that income numbers were boosted by tax benefits. Brinker said that 18% of Chile’s locations and 31% of its Magenio locations are still closed due to the epidemic.

Anthem – Anthem’s stock fell more than 6% despite beating Wall Street expectations on its up and down lines in its fourth quarter report. The insurance company reported $ 314 earnings per share at $ 31.82 billion. Analysts polled by Refinitive had a compromise of $ 2.52 per share and $ 30.78 billion in revenue. Guidance for earnings in 2021 was lower than expected according to FactSet.

– With reporting from CNBC’s Thomas Frank, Jessie Pound and Darla Mercado.


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