Check out the companies making headlines in midday trading: Meme stocks — Meme stocks roared for a second day with GameStop surging more than 65% and AMC popping over 70%. The latest trading frenzy in these names was triggered by the return of “Roaring Kitty,” who posted online for the first time in almost three years. AMC’s Tuesday rally came even after the movie theater said it completed a $250 million stock sale during Monday’s wild trading. Other meme names also traded sharply higher. Shares of one-time dominant smartphone maker BlackBerry popped 15%, while headphones manufacturer Koss shot up more than 40%. Alibaba — The Chinese technology company shed 7% after posting an 86% drop in net income from a year ago for its fiscal fourth quarter. Alibaba topped revenue expectations. Sony — U.S.-listed shares jumped 5.3% after quarterly revenue came in at 3.5 trillion yen, topping the consensus expectation of 2.89 trillion yen from analysts polled by LSEG. On the other hand, operating profits came in lower than analysts had penciled in. Vodafone — U.S. shares popped 5% after the U.K.-based telecommunications company posted full-year profit that beat expectations. On Holding — The shoe maker jumped 16% after first-quarter earnings came in well ahead of analysts’ expectations. The gain put shares on track for their best day since March 2023. Unite …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading: Meme stocks — Meme stocks roared for a second day with GameStop surging more than 65% and AMC popping over 70%. The latest trading frenzy in these names was triggered by the return of “Roaring Kitty,” who posted online for the first time in almost three years. AMC’s Tuesday rally came even after the movie theater said it completed a $250 million stock sale during Monday’s wild trading. Other meme names also traded sharply higher. Shares of one-time dominant smartphone maker BlackBerry popped 15%, while headphones manufacturer Koss shot up more than 40%. Alibaba — The Chinese technology company shed 7% after posting an 86% drop in net income from a year ago for its fiscal fourth quarter. Alibaba topped revenue expectations. Sony — U.S.-listed shares jumped 5.3% after quarterly revenue came in at 3.5 trillion yen, topping the consensus expectation of 2.89 trillion yen from analysts polled by LSEG. On the other hand, operating profits came in lower than analysts had penciled in. Vodafone — U.S. shares popped 5% after the U.K.-based telecommunications company posted full-year profit that beat expectations. On Holding — The shoe maker jumped 16% after first-quarter earnings came in well ahead of analysts’ expectations. The gain put shares on track for their best day since March 2023. Unite …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
