Movers & Shakers: Capital One’s stock rallies, Home Depot shares dip, and other stocks on the move

by | May 16, 2023 | Stock Market

Here are some of the stocks on the move on Tuesday. Stock gainers: Capital One Financial Corp.
shares were up 2.4% after filings showed Warren Buffett’s Berkshire Hathaway Inc.
 had taken a near $1 billion bet on the credit-card and banking group, buying a 2.6% stake in the first quarter.

Shares of Western Alliance Bancorp.
rose 2.9% as regional banks continued to find support from news that he Federal Deposit Insurance Corp. plans to replenish its coffers with an assessment that falls mainly on the very largest banks. Google parent Alphabet Inc.’s

stock rose 3% after it proved a favorite pick among investment funds during the first quarter, suggesting that notable managers weren’t sweating the threat of artificial-intelligence competition that dogged the name at various points during the period. Advanced Micro Devices Inc.’s
stock rose 5% to lead S&P 500 gainers after a securities filing showed Daniel Loeb’s Third Point LLC took out a new position in the company in the latest quarter. Shares of meal-kit provider Blue Apron Holdings Inc.
soared 17% after the company announced plans to shift to an asset-light model by transferring infrastructure technology to FreshRealm, a provider of fresh meals to retailers across the U.S. Blue Apron will receive up to $50 million and FreshRealm will get warrants equal to 19.9% of the company’s stock. The stock of microcap Singing Machine Company Co.
soared 51% after the maker of karaoke products said it has ended its at-the-market equity-issuance program after meeting its capital-raising needs. Tesla Inc.’s stock
was up 1.2% ahead of the …

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