People are walking outside the AMC Empire 25 movie theater in Times Square as the city continues to reopen efforts to curb the spread of coronavirus on December 23, 2020 in New York City.
Noam Galai | Getty Images
Look at the companies that make headlines in the afternoon trading.
Tesla – The share price of the electric vehicle business rose by 5% after Tesla’s delivery figures for the first quarter exceeded street expectations. The Elon Musk-led company said it delivered a total of 184,800 vehicles, while analysts were looking for 168,000 deliveries. Wedbush upgraded Tesla following the pressure, saying it was a “paradigm changer”.
AMC Entertainment – Shares of the movie theater business rose 15% after B. Riley Securities upgraded the stock to a buy rating. “‘Godzilla vs. Kong’ destroys lingering worries around theater windows and shows a solid path to revival,” the firm wrote in a note to clients. B. Riley also raised its target on the stock to $ 13, which % higher than the shares Thursday.
Carnival, Norwegian and Royal Caribbean – Cruise operators Carnival and Norwegian rose 4.4% and 6.3% respectively after the Centers for Disease Control & Prevention updated its guidelines for resuming US cruise ships. Norwegian specifically asked the CDC if it could resume shipping from US ports from 4 July. Royal Caribbean added 3.4%.
Charles Schwab – The brokerage firm rose 2.9% to a 52-week high after Goldman Sachs placed the stock on its conviction list above its earnings on April 15. strong retail involvement. Goldman also raised its 12-month price target on Schwab to $ 77 per share from $ 67 per share.
Roblox – Shares of the online gaming platform rose more than 6% after Goldman Sachs began covering the stock with a buy rating. The Wall Street firm said Roblox’s creation and revenue from the content would enable it to outsource the development costs of games to its creators while keeping the economy upside down. Roblox was announced last month via a direct listing.
GameStop – The shares of the video game retailer were volatile on Monday, at about 3% lower. The company’s share price fell 14% earlier in the day. The weakness arose after GameStop said it could sell up to $ 1 billion worth of additional shares after a historic brief push driven by Reddit. The company said it intends to use the proceeds to further accelerate the transformation of e-commerce and strengthen its balance sheet.
Trimble – Shares of the digital construction and agricultural company rose nearly 4.6% after Cath Innovation’s Ark Innovation bought 453,214 of its shares. Based on Thursday’s closing price of about $ 83 per share, Ark’s purchase was less than $ 37.6 million.
Ford, General Motors – Experienced car stocks rose on Monday after Wells Fargo began covering overweight companies. Ford rose 2.4%, while GM’s shares rose 3.7%. Wells Fargo said in a few notes that Ford and GM are both ready to be leaders in the next generation of vehicles and transportation.
Pinterest – Photo share rose 1.8% after The New York Times reported that the company was considering buying social media company VSCO.
Planet Fitness – Shares of the fitness chain have climbed 1.5% after the Wall Street Journal reported that they plan to open up to 100 new locations in the coming financial year, which will add to the current total of more than 2,100. The chief financial officer, Tom Fitzgerald, told the newspaper that Planet Fitness would also invest in its app.
– with coverage by Pippa Stevens, Yun Li, Jesse Pound and Tom Franck of CNBC.