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Shares that make the largest strikes at midday: Discovery, GameStop, T-Cell, and extra

In this photo illustration, a US television station's Discovery Channel logo can be seen on a smartphone and a PC screen.

Pavlo Gonchar | LightRakete | Getty Images

Check out the companies that are making headlines in midday trading.

GameStop – The video game retailer's shares rose 7.3% after it was revealed the company plans to create a marketplace for non-fungible tokens, or NFTs. At its session high, the speculative name rose more than 20% that day.

T-Mobile – The company saw its stock fall 5% after reporting net postpaid gain of 844,000 in the fourth quarter and about 2.9 million total in 2021. That was below StreetAccount's consensus expectation of 867,900 in the fourth quarter.

DraftKings – The sports betting company's shares rose 5.6% ahead of the launch of legal mobile sports betting in New York State on Saturday.

Discovery – The media stock rose 16.9% after Bank of America upgraded Discovery to Buy. The upcoming merger with Warner Media could become a real rival to Netflix and Disney + in the streaming arena, Bank of America said.

The New York Times – Shares fell 10.7% after newspaper publisher announced a deal to buy sports news site The Athletic for $ 550 million. The transaction is expected to close in the first quarter of 2022.

Delta Air Lines – Shares rose 3.5% after Bank of America upgraded Delta to a buy rating. The company cited a business travel rebound as the basis of its bull thesis on the stock. "We anticipate any subsequent variation will have less of an impact on consumers' willingness to travel and return to office plans, which could lead to a faster recovery in corporate demand than originally anticipated in 1H22," the company said.

Texas Instruments – The stock fell 3.9% after Citi downgraded the company from neutral to a buy rating. "We expect margins to decline due to increasing depreciation and the acquisition of a factory," said Citi.

Kohl's – The retailer's shares fell 1.7% after UBS downgraded Kohl's from neutral to sell. The bank said inflation and less government incentives could cause Kohl's 2022 profit expectations to fall short.

Abercrombie & Fitch – Abercrombie shares fell 3.3% after UBS downgraded retail stock from Buy to neutral. "We believe macroeconomic forces are slowing growth, making it difficult for the stock to re-evaluate," the company said.

Chewy – The pet supplies retailer stocks fell 8.3% after Piper Sandler downgraded Chewy from overweight to neutral. The Wall Street firm said in its downgrade it sees sales and margin headwinds for Chewy.

Clover Health – Shares fell 5.7% after Credit Suisse downgraded the stock from neutral to underperformance. “Our view is that the company needs to continue to raise capital, it is unclear how to significantly improve its Medical Loss Ratio (MLR) to reduce cash consumption, and a general re-evaluation of the technology-enabled MCO sector is needed. “Said the company.

Starbucks – The global coffee chain was down 3.2% after sector performance was downgraded by outperformance at RBC Capital Markets. The Wall Street firm said in its Starbucks downgrade that it sees a more compelling risk / reward ratio.

– CNBC's Yun Li, Maggie Fitzgerald, Pippa Stevens and Jesse Pound contributed to the coverage

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