CompaniesBIO

In this article WYNN AMZN CRM NVDA Netflix is expanding its push into mobile gaming. Sopa Images | Lightrocket | Getty Images Check out the companies making the biggest moves midday Monday: AMC — Shares of the theater chain dropped 38% as investors weighed the company&#x27 ;s new preferred share class and news that rival Cineworld that it was considering bankruptcy. AMC's new APE units were trading at roughly $7.50 per share, offsetting the large losses for the common stock . Bed Bath & Beyond, GameStop — Other meme-stock favorites Bed Bath & Beyond and GameStop also dropped. Bed Bath & Beyond fell more than 9% as investors continued to react to news investor Ryan Cohen had sold his shares and a report that certain suppliers have halted shipments to the retailer because of unpaid bells. GameStop followed along, declining about 4%. Signify Health — Shares of the home health services provided jumped 33% after The Wall Street Journal and Bloomberg News reported that A...

In this article OXY BRK.A Warren Buffett at press conference during the Berkshire Hathaway Shareholders Meeting, April 30, 2022. CNBC Warren Buffett's Berkshire Hathaway on Friday received regulatory approval to purchase up to 50% of oil giant Occidental Petroleum. Shares of Occidental jumped 7% on the news, pushing its 2022 gains to more than 140%. On July 11, Berkshire filed an application with the Federal Energy Regulatory Commission to buy more of the oil company&#x27 ;s common stock in secondary market transactions. The conglomerate argued that a maximum 50% stake wouldn't hurt competition or diminish regulatory authority. Carlos Clay, acting director of division of electric power regulation, granted the permission Friday, saying authorization was "consistent with the public interest." The conglomerate has already increased its Occidental stake drastically this year. Berkshire currently owns 188. 5 million shares of Occidental, equal to a 20.2% position. It...

In this article CSCO BBBY BJ WOLF WBA A customer walks through an aisle of a BJ's Wholesale Club Inc. store in Falls Church, Virginia, U.S. Bloomberg | Bloomberg | Getty Images Check out the companies making the biggest moves midday: Cisco Systems — Shares of the networking equipment producer jumped 5.8%. The company reported earnings after the bell on Wednesday that beat estimates. Cisco also provided a better-than-expected forecast for 2023. Bed Bath & Beyond — The latest favored meme stock, which has surged in August, dropped over 20%. Investors appeared to be reacting to activist investor Ryan Cohen's filing that he intends to sell his entire stake in the company. Kohl's — Kohl's shares sank about 5% after the retailer slashed its financial forecast for the year, citing inflation pressures on middle-income customers. The company expects net sales in fiscal 2022 down 5% to 6%, down from a prior range of flat to up 1%. However, Kohl's beat analysts' ...

In this article BBBY A view of a Bed Bath and Beyond store in Daly City, California. Justin Sullivan | Getty Images Bed Bath & Beyond and AMC Entertainment surged Monday as meme traders seemed to be betting on the stock despite the lack of any apparent catalyst for the move. Shares of both heavily shorted stocks closed up nearly 40% and 8%, respectively. GameStop also climbed 8.6%. At one point in the session, Bed Bath & Beyond shares soared as much as 63%. Bed Bath & Beyond shares posted their biggest one-day gain in more than a year. As of midday Monday, Bed Bath & Beyond was the most searched name on Reddit's WallStreetBets discussion board, according to Quiver Quantitative. Users under a pinned thread titled "GME, BBBY and AMC Memestock Megathread for Monday August 8th, 2022" appeared to be buying up shares of the retail stock. Loading chart... One user said they "took out a 27k loan, went all in on BBY," which a group moderator seemed to c...