Stocks making the biggest moves midday: Block, Deutsche Bank, GameStop, Activision and more
Publishing timestamp: 2023-03-24 13:05:09
Summary
Several companies made headlines in midday trading, including Block, which saw its shares drop nearly 3% after allegations of fraud, and GameStop, which gained 2.5% following its first profitable quarter in two years. Deutsche Bank's U.S.-listed shares slid 5%, but JPMorgan defended the bank's "solid" fundamentals. Regeneron gained 2.2% after an upgrade, while Incyte fell about 4% after the FDA informed the company that it would not approve its new blood cancer drug in its current form. Activision Blizzard and Microsoft saw shares jump 5% after the U.K. Competition and Markets Authority dropped some concerns about Microsoft's potential purchase of the company.
Sentiment: MIXED
Tickers: INCY, SQ, WFC, DB, JPM, ATVI, MSFT, REGN, GME,
Keywords: stock markets, activision blizzard inc, business, breaking news: markets, incyte corp, regeneron pharmaceuticals inc, gamestop corp, wells fargo & co, market insider, economy, markets, block inc, jpmorgan chase & co, deutsche bank ag, microsoft corp, business news,
Source: https://www.cnbc.com/2023/03/24/stocks-making-the-biggest-moves-midday-sq-db-gme-atvi-and-more.html