Check out the companies making headlines in midday trading: GameStop , AMC Entertainment — The so-called meme stocks retreated significantly after a two-day rally . GameStop declined about 30%, while AMC dropped 20% as the trading frenzy seemed to fade. The sell-off in AMC shares also came after the company announced a debt-for-equity swap. Before Wednesday, GameStop and AMC were up 179% and 135% this week, respectively. Boeing — Shares slipped 1.7% after the Justice Department said the airplane manufacturer broke a 2021 settlement that protected it from criminal charges related to two fatal 737 Max crashes. Boeing, which is now exposed to potential prosecution, denies the claims. Dell Technologies — The technology company rallied more than 8% after Morgan Stanley raised its price target on the stock. The firm cited increasing momentum among enterprise clients, including for artificial intelligence server demand. Nio — The Chinese automaker dropped 8% despite receiving an upgrade from JPMorgan to neutral from underweight earlier. According to the firm, shares could benefit from Chinese government stimulus policy and Nio’s latest battery as a service, or BaaS, strategy, which could drive sales, said the bank. Nio on Wednesday also launched its new lower-priced brand Onvo , which aims to compete with Tesla. Monday.com — The project management software company soared nearly 19% after posting better-than-expected first-quarter results. Management a …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading: GameStop , AMC Entertainment — The so-called meme stocks retreated significantly after a two-day rally . GameStop declined about 30%, while AMC dropped 20% as the trading frenzy seemed to fade. The sell-off in AMC shares also came after the company announced a debt-for-equity swap. Before Wednesday, GameStop and AMC were up 179% and 135% this week, respectively. Boeing — Shares slipped 1.7% after the Justice Department said the airplane manufacturer broke a 2021 settlement that protected it from criminal charges related to two fatal 737 Max crashes. Boeing, which is now exposed to potential prosecution, denies the claims. Dell Technologies — The technology company rallied more than 8% after Morgan Stanley raised its price target on the stock. The firm cited increasing momentum among enterprise clients, including for artificial intelligence server demand. Nio — The Chinese automaker dropped 8% despite receiving an upgrade from JPMorgan to neutral from underweight earlier. According to the firm, shares could benefit from Chinese government stimulus policy and Nio’s latest battery as a service, or BaaS, strategy, which could drive sales, said the bank. Nio on Wednesday also launched its new lower-priced brand Onvo , which aims to compete with Tesla. Monday.com — The project management software company soared nearly 19% after posting better-than-expected first-quarter results. Management a …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
