Stock Groups

GameStop, Uber, Nielsen Holdings and more


On the New York Stock Exchange’s floor, March 29th 2022, a screen shows the logo and information about GameStop.

Brendan McDermid | Reuters

These are the headline-grabbing companies in midday trading.

GameStop — Shares of the video game retailer dropped 6% on huge trading volume. Over 8 million shares were traded at 10:50 am. ET already doubled its full-day average volume of 4.6 millions in 30 days. GameStop made large blocks trades on the NYSE in its early trading.

Nielsen Holdings – Shares spiked about 20% following news that a group of private equity investors led by Brookfield Business Partners will acquire the ratings company for $16 billion. The previous $9 billion offer was rejected by the company.

NortonLifeLock — Shares for the cybersecurity company dropped 4.5% in midday trading. On Tuesday, Morgan Stanley downgradedNortonLifeLock has reduced its stock weight to equal-weight. The firm believes there are “limited catalysts for cybersecurity companies.” The stock is currently under scrutiny by the UK regulators for NortonLifeLock’s $8.6 Billion deal with Avast. Also, higher inflation costs are weighing down the stock.

FedEx – FedEx shares gained 4.2% on news that CEO Fred Smith will step down on June 1. Smith was the founder of the delivery and package company over 50 years ago. He will be serving as its executive chairman. Raj Subramaniam, President and Chief Operating Officer will succeed him.

Uber — Shares rose 6% as the ride-hailing company is close to a deal to include San Francisco taxis to its app, The New York Times reported. Uber announced last week that the report would be available. agreement to offer New York City taxi rides on its platform.

Dave & Buster’s — Shares of the arcade company soared 10% despite missing on the top and bottom lines of its quarterly results. Dave & Buster’s said that business “strengthened” in the first eight weeks of the first quarter with same-store sales up 5.4% over the same period in 2019.

Reynolds Consumer Products — Shares of the maker of consumer products fell nearly 3% in midday trading after Goldman Sachs double downgradedThe stock to buy or sell. According to the Wall Street firm, consensus estimates for Reynolds are too high.

Stellantis — Shares of the automaker rose 7% in midday trading despite news that it is laying off an undisclosed number of workers at its Illinois Jeep plant in an effort to “operate the plant in a more sustainable manner.”

Jefferies — Shares of Jefferies popped more than 7% in midday trading after reporting better than expected quarterly profit and revenue.  According to Refinitiv, Jefferies reported a $1.23 share profit, which is well over the consensus estimate of 89 cents.

UnitedHealth Group — Health care giant UnitedHealth Group announced a deal to buy LHC Group for $170 per share. LHC Group rose by 1% during midday trading, while UnitedHealth Group was roughly flat.

— with reporting from CNBC’s Samantha Subin, Sarah Min, Hannah Miao, Tanaya Macheel and Yun Li.