During Market hours yesterday — (Tuesday – 29.03.2022)
Below some of the most representative highlights:
- The Dow (Symbol: DIA) went up 1.00%. The S&P 500 (Symbol: SPY) jumped 1.24% and the Nasdaq (Symbol: QQQ) gained 1.72%.
- GameStop (Symbol: GME) — Shares of the video game retailer dropped 5.1% on huge trading volume. More than 8 million shares traded through 10:50 a.m. ET, already doubling its 30-day average full-day volume of 4.6 million. There were some large block trades of GameStop in early trading on the NYSE.
- FedEx (Symbol: FDX) — FedEx shares gained 3.7% on news that CEO Fred Smith will step down on June 1. Smith, who founded the package and delivery company more than 50 years ago, will serve as executive chairman. President and Chief Operating Officer Raj Subramaniam will replace him as CEO.
- Uber (Symbol: UBER) — Shares rose 6% as the ride-hailing company is close to a deal to include San Francisco taxis to its app, The New York Times reported. The report comes after Uber last week announced an agreement to offer New York City taxi rides on its platform.
- Dave & Buster’s (Symbol: PLAY) — Shares of the arcade company soared 14.9% despite missing on the top and bottom lines of its quarterly results. Dave & Buster’s said that business “strengthened” in the first eight weeks of the first quarter with same-store sales up 5.4% over the same period in 2019.
- Stellantis (Symbol: STLA) — Shares of the automaker rose 7.3% in midday trading despite news that it is laying off an undisclosed number of workers at its Illinois Jeep plant in an effort to “operate the plant in a more sustainable manner.”
During Premarket hours today — (Wednesday – 30.03.2022):
- BioNTech (Symbol: BNTX) — The drug maker’s shares jumped 5.9% in the premarket after reporting significantly better-than-expected revenue and profit for the fourth quarter. BioNTech also reiterated its prior vaccine revenue guidance for 2022.
- RH (Symbol: RH) — RH fell 2.8% in premarket trading after the high-end furniture retailer reported lower-than-expected revenue for its latest quarter, although its profit came in slightly above Wall Street forecasts. RH also announced a 3-for-1 stock split.
- Lululemon (Symbol: LULU) — Lululemon rallied 7.4% in premarket action despite a quarterly revenue miss. The athletic apparel company reported an adjusted quarterly profit of $3.37 per share, 9 cents above estimates, and issued upbeat guidance for 2022. Lululemon also announced a $1 billion share buyback program.
- Micron Technology (Symbol: MU) — Micron reported an adjusted quarterly profit of $2.14 per share, 17 cents above estimates. The computer chip maker also reported better-than-expected revenue as data center and smartphone chip sales showed strong growth. Micron issued an upbeat revenue forecast for the current quarter, and the stock jumped 4.1% in the premarket.
- WeWork (Symbol: WE) — WeWork Chief Executive Officer Sandeep Mathrani has added the additional role of chairman at the office-sharing company. He fills the void created when former Chairman Marcelo Claure left earlier this year. WeWork added 3% in the premarket.
*Any information contained in this article, including any information contained in external third party links, if any, is solely for informational purposes and does not contain, or should not be construed as containing, investment advice or an investment recommendation, or, an offer of or solicitation for any transactions in financial instruments. Past performance does not guarantee or predict future performance. Colmex Pro Ltd does not take into account your personal investment objectives or financial situation and makes no representation, and assumes no liability to the accuracy or completeness of the information provided, nor for any loss arising from any investment based on presented information.