Stocks making the biggest moves premarket: GameStop, Stericycle, MarineMax, Paramount and more
Here’s a glimpse at the buzzworthy corporate moves before the market bell.
GameStop and AMC Entertainment are under the spotlight, with GameStop surging 77% following speculation about Keith Gill’s massive stake in the company, while AMC saw a 25% jump, rekindling the meme-stock frenzy.
Shares of medical waste disposal firms, Waste Management and SteriCycle are also in the mix. Stericycle’s shares climbed 16% after Waste Management confirmed acquisition plans, though this led to a 1.5% dip for them.
Recreational boat services company, MarineMax, experienced a 19% boost amid rumors that OneWater Marine intends to acquire them as per a Bloomberg report.
On a slightly descending note, the Mediterranean restaurant chain, Cava, dropped close to 2% post a JPMorgan downgrade from overweight to neutral, due to stock valuation.
On the tech horizon, chipmakers Nvidia and AMD saw increases of 3% and 1.4% respectively, following the launch of new AI chips.
Boston Beer Company’s shares tumbled 11% after Suntory debunked rumors of purchasing the Samuel Adams’ owner.
Best Buy enjoyed a 2.7% rise following a double upgrade from Citi, who forecast an upward swing in earnings and valuations.
Spotify’s shares climbed 4.8% after announcing a price hike for its Premium subscriptions in the U.S. starting in July.
In pharma news, GSK’s shares fell 8.5% after a court allowed cancer patients to proceed with claims against their Zantac drug.
Software firm, Autodesk, surged by 6.8% as it assured no restatement of financial results after an accounting practice investigation.
Finally, Paramount Global’s shares appreciated over 6% after Skydance Media revised its acquisition offer – a move that benefits Paramount Class B shareholders with an approximately 26% premium option.
