People walk outside the AMC Empire 25 cinema in Times Square as the city continues reopening efforts after restrictions imposed to slow the spread of the coronavirus on December 23, 2020 in New York City.
Noam Galai | Getty Images
Check out the companies that are making headlines in the midday trading session.
Tesla – Electric vehicle company’s stock price rose 5% after Tesla’s first-quarter delivery numbers exceeded Street’s expectations. The company led by Elon Musk said it had delivered a total of 184,800 vehicles, while analysts had expected 168,000 deliveries. Wedbush updated Tesla after printing, saying it is a “paradigm shift”.
AMC Entertainment – The company’s stock rose 15% after B. Riley Securities raised the shares to a buyout rating. “‘Godzilla vs. Kong’ destroys lingering concerns about the importance of the theatrical showcase and demonstrates a solid path to resurgence,” the company wrote in a note to customers. B. Riley also raised its stock target to $ 13, 39% above where the stock closed on Thursday.
Carnival, Norwegian and Royal Caribbean— Cruise operators Carnival and Norwegian gained 4.4% and 6.3%, respectively, after the Centers for Disease Control and Prevention updated their guidelines for resuming cruise ship travel in the United States United. Norwegian specifically asked the CDC if it can resume cruises in U.S. ports starting on July 4th. Royal Caribbean added 3.4%.
Charles Schwab – The brokerage rose 2.9% to a 52-week high after Goldman Sachs placed the shares on its conviction list ahead of its April 15 earnings. strong retail involvement. Goldman also increased its 12-month price target on the Schwab from $ 67 per share to $ 77 per share.
Roblox – Shares on the online gaming platform increased by more than 6% after Goldman Sachs started covering the shares with a buy rating. The Wall Street company said that creating and monetizing Roblox content allows it to outsource game development costs to its creators, while maintaining the positive economic side. Roblox went public via a direct list last month.
GameStop – Video game retailer shares were volatile on Monday, down almost 3% around noon. The company’s stock price fell by up to 14% earlier in the day. The weakness came after GameStop said it could sell up to $ 1 billion in additional shares after a historic squeeze fueled by Reddit. The company said it plans to use the funds to further accelerate the transformation of e-commerce and strengthen its balance sheet.
Trimble – The shares of the digital construction and agriculture company rose almost 4.6% after Cathie Wood’s Ark Innovation bought 453,214 of its shares. Based on Thursday’s closing price of around $ 83 per share, the purchase of Ark was worth more than $ 37.6 million.
Ford, General Motors – Legacy car stocks rose on Monday after Wells Fargo began covering companies with overweight. Ford rose 2.4%, while GM shares rose 3.7%. Wells Fargo said in a couple of notes that Ford and GM were positioned to be leaders in the next generation of vehicles and transportation.
Pinterest – Photo sharing stock rose 1.8% after The New York Times reported that the company was considering buying social media company VSCO.
Planet Fitness – The fitness network’s stock rose 1.5% after the Wall Street Journal said it plans to open up to 100 new locations in the next fiscal year, adding to its current total of more than 2,100. Chief Financial Officer Tom Fitzgerald told the newspaper that Planet Fitness will also invest in its app.
– with reports by Pippa Stevens, Yun Li, Jesse Pound and Tom Franck from CNBC.