Today's Morning Movers and Top Ratings: AMC, AAPL, BABA, HD and More
Morning Movers
Gapping up
$GameStop (GME.US)$ and $AMC Entertainment (AMC.US)$ – Both stocks soared as the rally in meme stocks continued, energized by the return of a key figure from their 2021 surge to social media.
$The Kraft Heinz (KHC.US)$ The stock edged up by 0.1% following reports that the food company is considering selling its Oscar Mayer meats division, which could be valued at $3 billion to $5 billion.
$Apple (AAPL.US)$ Shares of the tech behemoth increased by 0.2% amid news that it is preparing to market its Vision Pro mixed-reality headset internationally, aiming to boost interest in what is considered its most significant investment in recent times.
$Home Depot (HD.US)$ The home improvement retailer's stock climbed 0.5% after surpassing profit expectations for the first quarter, although sales fell slightly below forecasts due to a slow start to the spring selling season.
$Paysafe (PSFE.US)$ Shares of the online payments firm jumped 12% after it reported a revenue rise in the first quarter and confirmed its outlook for the full year.
$On Holding (ONON.US)$ The sportswear company's stock surged 10% following a reported increase in net profit for the first quarter, bolstered by growing revenue from direct-to-consumer sales.
Gapping down
$Alibaba (BABA.US)$ Shares fell by 4.5% as the Chinese e-commerce giant reported lower-than-expected earnings for the March quarter, with a significant 86% drop in profit despite revenue surpassing expectations.
Source: CNBC; Investing.com
US Top Rating Updates on 05/14
Source: Dow Jones
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