Check out the companies making headlines in midday trading: GameStop — The meme stock soared 11.7%. On Tuesday, GameStop’s board announced it had unanimously approved a plan to buy bitcoin with a portion of its corporate cash, following a similar move by MicroStrategy. Dollar Tree — The discount retail chain popped 3.1% after announcing on Wednesday that it would offload its Family Dollar business to a group of private-equity investors for $1 billion. Playtika — The mobile gaming stock gained 20.5% after receiving a double upgrade to buy from underperform at Bank of America. The bank said the company has high profitability in a “mature” industry that is “still growing.” TotalEnergies SE — U.S. shares of the French energy and petroleum company advanced 2.1% after Citi upgraded it to buy . The firm said the market could be underestimating the company’s potential volume and margin growth. Paychex — Shares rose 4.2% after the company’s fiscal third-quarter earnings results topped Wall Street estimates. Paychex posted adjusted earnings of $1.49 per share, above the $1.48 per share that analysts polled by FactSet were expecting. Revenue, however, came in line with expectations at $1.51 billion. Nvidia — The artificial intelligence darling’s shares slid about 6% amid a sharp sell-off in tech names. The information technology sector dropped more than 1%. Shares of Alphabet and Amazon declined more than 1%, while Meta Platforms lost nearly 2%. Tesla — Shares of the electric vehicle maker pulled back 5.6%, putting it on pace to snap a five-day winning streak. The stock has still gained more than 16% over the past week. Cintas — The stock jumped 5.8% after the company posted better-than-expected earnings and revenue for its fiscal third quarter. Cintas earned $1.13 per share on revenue of $2.61 billion, while analysts had penciled in $1.05 per share in earnings and $2.60 billion in revenue, according to FactSet. Perimeter Solutions — The fire retardant maker surged about 10% on the back of a UBS upgrade to buy from neutral . UBS said the stock can benefit as wildfires hit more populated areas. — CNBC’s Alex Harring, Lisa Kailai Han and Michelle Fox contributed reporting.
Add A Comment
About Us
Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
Popular Post
© 2025 incapitalquest.com – All rights reserved.
About Us
Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
Popular Post
© 2025 incapitalquest.com – All rights reserved.