Today's Morning Movers and Top Ratings: GME, NVDA, MSTR, BBY and More
Morning Movers
Gapping up
$GameStop(GME.US$ shares skyrocketed by over 80% after Keith Gill, known as DeepF— Value on Reddit, posted a screenshot suggesting a $116 million investment in the company. According to Bloomberg News, the screenshot couldn't be verified.
The $NVIDIA(NVDA.US$ price target was raised to $1,500 from $1,320 at Bank of America on Monday, with the firm maintaining its Buy rating on the chipmaker. In a note assessing the keynotes from NVIDIA and AMD CEOs at the Computex annual computer expo in Taiwan this week, analysts at JPMorgan described the roadmaps as "powerful."
Skydance Media revised an offer for $Paramount Global-B(PARA.US$ to purchase up to a certain number of non-voting shares in the entertainment giant at roughly $15 each, according to the Wall Street Journal. B-shares in Paramount Global rose by more than 5% following the report.
$MicroStrategy(MSTR.US$ and its founder Michael Sayler have reached a $40 million settlement with the District of Columbia, marking the largest income tax fraud recovery in Washington's history, the New York Times reported Monday. Shares in MSTR rose over 3% in premarket trading.
$Best Buy(BBY.US$ rose by 2.30% in premarket trading after the analysts at Citi raised their rating of the electronics retailer to "Buy" from "Sell," citing hopes for a positive catalyst for the stock.
Gapping down
$Dell Technologies(DELL.US$ shares were slightly lower after analysts at Citic Securities slashed their rating of the firm to "Hold" from "Buy."
Source: CNBC; Investing.com
US Top Rating Updates on 06/03
![Today's Morning Movers and Top Ratings: GME, NVDA, MSTR, BBY and More](https://ussnsimg.moomoo.com/sns_client_feed/77777018/20240604/7ddecaa76efa4de2a633fb97b1d732f6.jpg?area=100&is_public=true)
Source: Dow Jones
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