Welcome to Extreme Investor Network, where we provide you with the latest updates and insights on the financial market.
In today’s midday trading, some companies are making headlines with significant movements in their stock prices. Let’s take a closer look at what’s happening in the market:
1. GameStop – The meme stock surged over 25% amidst speculation that Keith Gill, also known as DeepF——Value on Reddit, holds a substantial position in the video game retailer. It’s reported that Gill could own five million shares of GameStop worth over $100 million.
2. Waste Management & Stericycle – Waste Management announced its acquisition of Stericycle for $7.2 billion, causing Stericycle’s shares to jump nearly 15%.
3. Spotify – The music streaming company saw a 4% increase in its stock price after announcing a premium subscription price hike in the U.S.
4. GSK – Pharmaceutical giant GSK’s stock fell more than 9% after a court ruling allowed the presentation of scientific evidence in cases alleging that the discontinued drug Zantac may contain a carcinogen.
5. Paramount Global – The media company surged over 7% following reports of a potential merger with Skydance, awaiting final approval.
6. MarineMax – The boat and yacht services stock soared 24% after reports of acquisition talks with OneWater Marine.
These are just a few highlights from today’s trading session. Stay tuned to Extreme Investor Network for more updates and in-depth analysis on the financial market trends. Remember, knowledge is power when it comes to making informed investment decisions. Happy investing!