Stocks making the biggest moves premarket: GameStop, Stericycle, MarineMax, Paramount and more

by | Jun 3, 2024 | Financial

Check out the companies making headlines before the bell. GameStop , AMC Entertainment — GameStop soared more than 77% on speculation that Keith Gill, also known online as Roaring Kitty, has a stake in the company worth $116 million as of Friday’s close. AMC shares jumped about 25% on the renewed meme-stock craze. Waste Management , SteriCycle — Shares of medical waste-disposal company Stericycle jumped 16% after Waste Management agreed to buy the company for $7.2 billion. Waste Management fell 1.5%. MarineMax — MarineMax, a recreational boat and yacht services company, popped 19% on a report that OneWater Marine is in talks to buy the company for $40 a share in cash. Bloomberg first reported the deal, citing people with knowledge of the matter. Cava — The Mediterranean fast-casual restaurant chain slipped nearly 2% following a downgrade by JPMorgan to neutral from overweight. The bank cited the stock’s valuation for the call. Cava has soared 115% so far this year. Nvidia , AMD — Chipmakers Nvidia and AMD added 3% and 1.4%, respectively, after the companies each announced new AI chips . AMD on Monday announced its new AI chips at the Computex tech conference in Taipei, while Nvidia on Sunday unveiled its next-generation AI chips called “Rubin,” which will succeed its previous “Blackwell” model that was released in March. Bank of America named Nvidia a top pick in a Monda …

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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 , AMC Entertainment — GameStop soared more than 77% on speculation that Keith Gill, also known online as Roaring Kitty, has a stake in the company worth $116 million as of Friday’s close. AMC shares jumped about 25% on the renewed meme-stock craze. Waste Management , SteriCycle — Shares of medical waste-disposal company Stericycle jumped 16% after Waste Management agreed to buy the company for $7.2 billion. Waste Management fell 1.5%. MarineMax — MarineMax, a recreational boat and yacht services company, popped 19% on a report that OneWater Marine is in talks to buy the company for $40 a share in cash. Bloomberg first reported the deal, citing people with knowledge of the matter. Cava — The Mediterranean fast-casual restaurant chain slipped nearly 2% following a downgrade by JPMorgan to neutral from overweight. The bank cited the stock’s valuation for the call. Cava has soared 115% so far this year. Nvidia , AMD — Chipmakers Nvidia and AMD added 3% and 1.4%, respectively, after the companies each announced new AI chips . AMD on Monday announced its new AI chips at the Computex tech conference in Taipei, while Nvidia on Sunday unveiled its next-generation AI chips called “Rubin,” which will succeed its previous “Blackwell” model that was released in March. Bank of America named Nvidia a top pick in a Monda …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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