GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) stock both more than doubled as a rally in so-called meme stocks continued after a key figure in their 2021 rally re emerged from an extended break on social media. The stocks pared gains midday but were still up 67% and 83%, respectively.
Kraft Heinz (NASDAQ:KHC) stock fell 0.3% after the Wall Street Journal reported that the packaged foods giant is exploring a sale of its Oscar Mayer meats business that could fetch anything between $3 billion to $5 billion.
Apple (NASDAQ:AAPL) stock rose 0.3% after Bloomberg reported the tech giant is gearing up to sell its Vision Pro mixed-reality headset outside the United States, in a bid to invigorate demand for its most expensive bet in years.
Home Depot (NYSE:HD) (HD) stock fell 0.8% after the home-improvement retailer beat profit estimates for the first quarter but sales fell slightly short as the spring selling season got off to a delayed start.
Paysafe (PSFE) stock rose 22% after the online payments company reported an increase in revenue in the first quarter and reaffirmed its full-year outlook.
Alibaba (NYSE:BABA) (BABA) ADRs fell 7% after the Chinese e-commerce company reported March quarter earnings below expectations, posting a 86% profit drop, though revenue was above expectations.
On Holding (ONON) stock rose 16% after the sportswear company reported a surge in net profit for the first-quarter, helped by increased revenue supported by direct-to-consumer sales.
Plug Power (NASDAQ:PLUG) rose 30% after it received a conditional commitment for an up to $1.66 billion loan guarantee from the Department of Energy’s Loan Programs Office to finance the development, construction, and ownership of up to six green hydrogen production facilities.
SunPower (NASDAQ:SPWR) rose 84% as heavily shorted stocks were targeted during the meme-stock frenzy. Rocket Companies (RKT), Hertz Global (HTZ), Lucid Group (NASDAQ:LCID), Rivian (NASDAQ:RIVN) Automotive (RIVN) and Roku (NASDAQ:ROKU) also gained.