Shares of Sportsman’s Warehouse, Blink Charging, GameStop, FuboTV, Moderna among other made the biggest move on Tuesday 22/12/2020 trading day. We have highlighted the reasons for the movement to help with insights on your investment decisions.
Sportsman’s Warehouse Holdings (SPWH)
The company’s shares traded higher after it announced that it will be acquired by The Greater American Outdoors Group for $18 per share in cash. Sportsman’s Warehouse had closed Monday at $12.65 per share. Sportsman’s Warehouse shares soared 39.60% closing Tuesday at $17.66.
Quantum Scape Corp. (QS)
QuantumScape shares traded higher on the floor with its strength appearing to be in the reaction to reports that Apple is working on a self-driving EV. QuantumScape makes lithium-metal batteries for use in electronic vehicles. The shares opened trading at $108.13 to close at $131.67 which amounts to around 48.75% jump.
Blink Charging Co. (BLNK)
The shares made an increase of 28.89% after the company signed a long-term agreement with Lehigh Valley Health Network to own and operate charging stations across the health network’s locations. Trading began at a price of $38.93 to close at $48.49 on the day.
GameStop Corp. (GME)
GameStop shared jumped 25.31% after RC Ventures on Monday increased its stake in the company and said that it was having discussions with the board. The shares began at a price of $16.22 and closed at $19.46.
The streaming TV service’s stock surged more than 25% after Needham raised its price target from $30 to $60 per share. The stock had jumped more than 26% Monday following an Axios report that it was considering forming exclusive partnership deals for live sports events. Trading opened with a price of $55 to close at $62.
The auto retailer reported quarterly earnings of $1.42 per share, beating the consensus estimate of $1.14 a share. Revenue also came in above Wall Street forecasts, however comparable used-vehicle sales were down 0.8% compared to a FactSet consensus estimate of a 1% increase. Carmax shares fell 8.09% in trading.
Moderna shares trading lower. The weakness potentially related to a selloff following the stock’s surge this year amid COVID-19 vaccine optimism as well as uncertainty over a new COVID strain.
The stocks experienced a drop in opening price at $138.80 to a closing of $125.88 which is about 8.98% drop.