The GameStop logo screen and trading information are displayed on the floor of the New York Stock Exchange (NYSE) on March 29, 2022.
Brendan McDermid | Reuters
Check out which companies are making the headlines in midday trading.
Jim Stop Shares of the video game company fell 6%. Huge trading volume. More than 8 million shares were trading as of 10:50 AM ET, which has already doubled the average daily trading volume of 4.6 million shares over the 30-day period. There were some big GameStop block trades in early trading on the New York Stock Exchange.
Nielsen Holdings – Shares are up nearly 20% after news of a group of private equity investors led by Brookfield Business Partners It will acquire the rating company for $16 billion. The company had previously rejected an offer worth $9 billion from the same group.
Norton Live Look The cybersecurity company’s stock fell 4.5% in the middle of the day. Tuesday, Morgan Stanley lowered NortonLifeLock shares even, saying the company sees “limited incentives” for a cybersecurity company. A UK regulatory investigation into NortonLifeLock’s $8.6 billion deal with Avast and high inflation costs is throwing its weight on the stock.
FedEx FedEx shares rose 4.2% on the news CEO Fred Smith is stepping down On June 1, Smith, who founded the packaging and delivery company more than 50 years ago, will take over as CEO. He will be replaced by President and Chief Operating Officer Raj Subramaniam as CEO.
Uber – Shares are up 6% as the carrier nears a deal to include San Francisco taxis in its app, The New York Times mentioned. The report comes after Uber announced last week that Approval to provide taxi rides in New York City on its platform.
Dave Webster Arcade shares rose 10% despite missing their quarterly results. Dave & Buster’s said business “bolstered” in the first eight weeks of the first quarter with same-store sales increasing 5.4% over the same period in 2019.
Reynolds Consumer Products Shares of the consumer products maker fell nearly 3% in midday trading after Goldman Sachs doubled lowered The shares to be sold from the purchase. Wall Street said the consensus estimate was too high for Reynolds.
Stilants The automaker’s shares were up 7% in midday trading despite news it was laying off an undisclosed number of workers at a Jeep plant in Illinois in an effort to “run the plant in a more sustainable way.”
Jeffreys Jefferies shares rose more than 7% at midday after reporting better-than-expected quarterly earnings and returns. Jefferies earned $1.23 a share, well above the consensus estimate of 89 percent, according to Refinitiv.
United Health Group Healthcare Giant UnitedHealth Group has announced a deal to acquire LHC Group for $170 per share. LHC was up 1% at midday while UnitedHealth Group was flat.
– With reporting from Samantha Soobin, Sarah Min, Hana Miu, Tanaya Machel, and Yoon Lee on CNBC.
