Today's Morning Movers and Top Ratings: NVDA, AAPL, GME, DKNG and More

Movers and Shakers wrote a column · May 28, 2024 20:04

Morning Movers

Gapping up

$NVIDIA (NVDA.US)$ stock rose 2.7%, with the tech giant's stock continuing to gain, with its market value surpassing $2.5 trillion since its quarterly results, solidifying its position as the third most valuable company on Wall Street.

$Apple (AAPL.US)$ stock rose 1.9% after the iPhone maker's smartphone shipments in China were 52% higher in April than a year ago, according to data from a research firm affiliated with the Chinese government.

$GameStop (GME.US)$ stock soared over 24% after the video game retailer said it raked in more than $933 million from the sale of 45 million shares.

$CAVA Group (CAVA.US)$ stock rose 2.9% ahead of the first-quarter earnings from the Mediterranean restaurant chain, as it rapidly opens new locations throughout the U.S. market.

$Insmed (INSM.US)$ stock more than doubled after the biopharmaceutical company announced positive results in Phase 3 trials for its drug to treat non-cystic fibrosis bronchiectasis.

Gapping down

$Tesla (TSLA.US)$ stock fell 0.5% following reports that proxy advisor Glass Lewis has called on shareholders to reject a proposal that would see CEO Elon Musk paid $56 billion.

$DraftKings (DKNG.US)$ stock fell 8.4% and Flutter Entertainment dropped 4.3% after the Illinois Senate passed a bill that includes a sports-betting tax hike.

Source: CNBC; Investing.com

US Top Rating Updates on 05/28