GameStop, AMC, Apple Rise Premarket; Merck Falls By

© Reuters.

By Peter Nurse — Stocks in focus in premarket trade on Monday, January 25th. Please refresh for updates.

  • GameStop (NYSE:) stock soared 48%, continuing Friday’s surge, as the video games retailer finds itself in the middle of a battle between short-seller Citron Research and day traders on the web site Reddit.

  • AMC Entertainment (NYSE:) stock climbed 36% after the movie theater chain raised $917 million in equity and debt to help it through its difficulties caused by the pandemic.

  • Apple (NASDAQ:) stock rose 2.8% after Wedbush lifted its price target to a Street high, up to $175 from $160, with the investment firm saying it expects “eye-popping” iPhone unit sales results later this week.

  • Merck (NYSE:) stock fell 1.3% after the drugmaker ended its Covid-19 vaccine program, citing an inferior immune response.

  • Moderna (NASDAQ:) stock 1.5% after the drugmaker said that its Covid-19 vaccine is effective against both the U.K. and South African variants of the virus.
  • Kimberly-Clark (NYSE:) stock rose 1.7% after the personal care company beat expectations for its fourth quarter on both the top and bottom lines, raised its dividend and introduced a new $5 billion stock repurchase program.

  • Blackberry (TSX:) stock soared 39%, continuing recent strong gains following that the news the software company has settled its patent dispute with Facebook (NASDAQ:).

  • Philips (NYSE:) ADR rose 0.9% after the company, which now focuses on healthcare, reported a 7% rise in quarterly earnings

  • Express (NYSE:) stock soared 140% after the apparel retailer earlier this month announced a deal to add $140 million in financing.


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