Stock Groups

Beyond Meat, AMC, Tesla and more


Beyond Meat’s “Beyond Burger”, patties that are made of plant-based alternatives to meat, sit on New York City’s shelves.

Angela Weiss | AFP | Getty Images

Take a look at the top midday traders.

GameStop, AMC Entertainment — Meme stocks rebounded from a steep sell-off in the previous session. GameStop gained 1.2% on Monday, after having suffered a loss of nearly 14%. AMC traded 1.2% higher, after falling as high as 10% earlier in day. In the previous session, AMC stock dropped more than 15%. These speculative trades were hit hard Monday amid a broad market sell-off, as investors dumped risky names after a head-turning year.

Beyond Meat — Shares of the alternative meat stock jumped 6.7% after Piper Sandler upgraded Beyond MeatFrom overweight to neutral According to the note by Beyond, a potential launch of a McDonald’s product in the early 2022 would boost Beyond’s profits.

Tesla — Shares of the electric vehicle company fell 2.6% after CEO Elon Musk sold another $906 million of his shares on Monday. InsiderScore/Verity reports that this brought his share count to 11.9million.

Terminix — The pest control company saw its stock soar roughly 18% after it agreed to be acquired by British rival Rentokil as it seeks to push further into the U.S. market, the largest in the world for pest control. This deal values Terminix at $6.7 billion.

Dell Technologies — Shares of Dell Technologies slipped 1.6% in midday trading after Evercore ISI downgraded the stockOutperform to be in line with. After a rally of 60% in 2021 the Wall Street firm stated that upside was likely to be muted.

Neogen — Shares of Neogen rallied 7.9% after the company announced a dealTo combine 3MFood safety.

Ralph Lauren, Capri Holdings — Ralph Lauren shares retreated 2.7 % after Goldman Sachs double-downgraded the stockTo a sell rating instead of a buy rating. According to the firm, Ralph Lauren’s brand health has been declining and there is limited potential for growth ahead. Meanwhile, Capri shares rose 1.7% after Goldman upgraded the Michael Kors-parentTo a buy rating from neutral for margin improvements

— CNBC’s Jesse Pound, Tanaya Macheel, Yun Li and Maggie Fitzgerald contributed reporting