Stocks making the biggest moves premarket: GameStop, Nvidia, Airbnb, Viking and more

by | May 28, 2024 | Financial

Check out the companies making headlines before the bell. GameStop — Shares surged nearly 27% following the company’s announcement Friday that it had made around $933.4 million from a stock sale. The company sold 45 million common shares. Nvidia — The chipmaker jumped 3% premarket, continuing its post-earnings rally after its quarterly earnings report Wednesday. Shares soared 15% last week, breaking above $1,000 for the first time. Norwegian Cruise Line Holding — The cruise stock rose 3% following an upgrade to buy from neutral at Mizuho. The investment firm said Norwegian could benefit from a shift in opinion after being a target of short sellers in recent years. Viking — Shares gained 1.1% after a slew of Wall Street firms initiated coverage of the newly public cruise line operator, which made its debut on the New York Stock Exchange on May 1. Bank of America initiated coverage of Viking with a buy rating, citing its “singular brand and clear niche.” UBS also gave it a buy rating, saying it’s a “pure play in luxury travel.” JPMorgan issued an overweight rating on the stock. Airbnb — Shares of the short-term rental company added 1.5% following an upgrade by Wedbush to outperform. The firm said there has been strong travel demand and Airbnb’s recent underperformance provides an attractive entry point. DuPont — Shares gained 1.4% after Ci …

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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines before the bell. GameStop — Shares surged nearly 27% following the company’s announcement Friday that it had made around $933.4 million from a stock sale. The company sold 45 million common shares. Nvidia — The chipmaker jumped 3% premarket, continuing its post-earnings rally after its quarterly earnings report Wednesday. Shares soared 15% last week, breaking above $1,000 for the first time. Norwegian Cruise Line Holding — The cruise stock rose 3% following an upgrade to buy from neutral at Mizuho. The investment firm said Norwegian could benefit from a shift in opinion after being a target of short sellers in recent years. Viking — Shares gained 1.1% after a slew of Wall Street firms initiated coverage of the newly public cruise line operator, which made its debut on the New York Stock Exchange on May 1. Bank of America initiated coverage of Viking with a buy rating, citing its “singular brand and clear niche.” UBS also gave it a buy rating, saying it’s a “pure play in luxury travel.” JPMorgan issued an overweight rating on the stock. Airbnb — Shares of the short-term rental company added 1.5% following an upgrade by Wedbush to outperform. The firm said there has been strong travel demand and Airbnb’s recent underperformance provides an attractive entry point. DuPont — Shares gained 1.4% after Ci …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
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