People walk outside the AMC Empire 25 movie theater in New York City as the city continues the re-opening efforts following the restrictions imposed on December 23, 2020 to slow the spread of coronavirus in Times Square.
Check out the companies that make headlines in midday trading; Tesla The stock price of Tesla rose 5% after Tesla's delivery numbers for the first quarter topped Street expectations.
The Elon Musk-led company said it had a total of 184,800 vehicles, while analysts were looking for 168,000 deliveries. Following the print, Tesla boosted Wedbush, saying it's a paradigm changer. AMC Entertainment shares of the movie theater company jumped 15% after B. Riley Securities upgraded the stock to a buy rating.
Godzilla vs. Kong' demonstrates lingering concerns around solid window importance and threatens a theatrical path to resurgence, wrote the firm in a note to clients. B. Riley also closed its target on the stock at$ 123 which is$ 39% above where the shares were on Thursday. Carnival, Norwegian and Royal Caribbean Cruise operators Carnival and Norwegian gained 4.4% and 6.3%, respectively, after the Centers for Disease Control and Prevention updated its guidance for resuming U.S. cruise ships'sailings.
Norwegian asked CDC specifically if it can resume services from US ports from 4 July at Norwegian ports. Charles Schwab- The brokerage firm rose to a 52 week high on April 15 after Goldman Sachs put the stock on its Conviction List ahead of its earnings. The firm said Schwab would beat expectations driven by higher Net Interest Margin and trading driven by strong retail engagement.
Schwab also raised its 12-month price target on Goldman to$ 77 per share from$ 67 per share. Roblox shares on the online gaming platform jumped more than 6% after Goldman Sachs commenced coverage on the stock with a buy rating. The Wall Street firm said Roblox's creation and monetization of content allows it to outsource game development costs to its creators while retaining economic upside.
Last month, Roblox went public via a direct listing; GameStop shares were volatile on Monday, down nearly 3% around noon. The company's stock price fell as much as 14% earlier in the day. The weakness came after Reddit said it may sell up to$ 1 billion of additional shares following a historic GameStop-fueled short squeeze.
The company said it intended to further improve its e-commerce business using the proceeds and to strengthen its balance sheet. The market share of the digital construction and agriculture company popped nearly 4.6% after Ark Innovation purchased 453,214 of its shares. Based on Thursday's closing price of about$ 83 per share, Ark's purchase was worth north of$ 37.6 million. The Ford, General Motors- Legacy auto stocks rose on Monday after Wells Fargo introduced coverage of the companies at an overweight.
Wells Fargo- Ford was 2.4%, while GM's shares rose 3.7%; Ford said in a pair of notes that GM and Ford were both poised to be leaders in the next generation of vehicles and transportation. The social stock of Pinterest went up 1.8% after the New York Times reported that the company was considering buying photo sharing company VSCO.
Shares of the fitness chain climbed 1.5% after the Wall Street Journal reported that it plans to open up to 100 new locations in the coming fiscal year, adding to its current total of more than 2,100. Chief financial officer Tom Fitzgerald told the newspaper that Planet Fitness will also invest in its app. With reporting from CNBC Pippa Stevens, Tom Franck, Jesse Pound and Yun Li.