Stocks making the biggest moves midday: GameStop, Rivian, Regeneron, Snap and more
In this article GME AMD AEO Pedestrians pass in front of a GameStop retail store in New York, December 23, 2021. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Thursday. GameStop – Shares of video game retailer rose 4% after the company disclosed a new partnership with cryptocurrency exchange FTX in its quarterly update. GameStop plans to collaborate with FTX on e-commerce and online marketing initiatives. The increase in the stock price came even as GameStop reported a sales decline and widened losses for the most-recent quarter. Rivian Automotive - Rivian shares popped more than 6% after the electric-vehicle startup and Mercedes announced they were planning a joint venture to build electric commercial vans for both brands in Europe. Production for the vehicles will be done on a shared assembly line to reduce costs and will begin in a few years. Advanced Micro Devices — Shares of the chip stock gained 3.1% following an upgrade from Stifel to a buy rating...