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Stocks making the biggest moves midday: GameStop, Paramount, Spotify, Krispy Kreme and more
Stocks making the biggest moves midday: GameStop, Paramount, Spotify, Krispy Kreme and more
CNBC
Check out the companies making headlines in midday trading: GameStop — The meme stock jumped more than 25% in volatile trading amid speculation that Keith Gill, the man who inspired 2021′s epic short squeeze, could have a huge position in the video game retailer. Gill, who goes by DeepF——Value on Reddit, reappeared Sunday night, posting a screenshot of what could be his portfolio holding five million shares of GameStop common shares worth more than $100 million. He also owned a position of 120,000 GameStop call options. AMC , another meme stock, popped 10%. Both names were also among those affected by a technical issue on the New York Stock Exchange on Monday morning. Waste Management , Stericycle — Waste Management is buying Stericycle for $7.2 billion , the companies announced on Monday. Stericycle shares jumped nearly 15%, while Waste Management slid 4%. Spotify — The music streaming company climbed 4% following its announcement of premium subscription price increases in the U.S. in July. It marks the Swedish company’s second hike in a year. GSK — The pharmaceutical giant fell more than 9% after the Delaware State Court ruled that scientific evidence can be presented in the roughly 75,000 cases alleging the discontinued heartburn drug Zantac may contain a carcinogen. Paramount Global — The media company advanced more than 7% after CNBC’s David Faber reported the firm and Skydance have agreed to terms of a merger, A deal could be announced in the coming days, and it is awaiting sign-off from Paramount’s controlling shareholder Shari Redstone, he reported. Lattice Semiconductor , Coherent — Lattice shares dove 11% after CEO Jim Anderson left to take the helm at Coherent, whose stock price jumped 17%. Esam Elashmawi, Lattice’s marketing and strategy chief, was named interim CEO while the search for a permanent leader takes place. Becton, Dickinson and Company — The medical technology stock advanced 2.6% after announcing it will acquire Edwards Lifesciences ‘ critical care products in a $4.2 billion cash deal . Edwards Lifesciences shares ticked up 0.5%. MarineMax — The boat and yacht services stock surged 24% following a Bloomberg News report that OneWater Marine is in purchase talks with the company. OneWater Marine would pay $40 per share, according to the report, which cited people familiar with the matter. India and Mexico stocks — Equities connected to India and
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