Nvidia, Novavax and AMC Entertainment are among the stocks in the spotlight.
Nvidia shares NVDA, -2.77% rose 2%, ahead of its eagerly awaited results after the close. Cathie Wood’s ARK Invest sold stock in the graphics chipmaker on Tuesday, according to a fund disclosure.
Novovax stock NVAX, +13.51% rose 3%, after surging 13% on Tuesday when it said its COVID-19 vaccine was effective against a variant responsible for most cases right now in the U.S. and Europe. United Parcel Services Inc.‘s stock UPS, -0.97% added 1% after workers at the deliveries and logistics company voted for a new contract.AMC Entertainment stock AMC, -18.27% fell 13%, after an 18% drop on Tuesday. A reverse stock split is planned on Wednesday, to be followed by the conversion of the APE preferred shares.
Shares of La-Z-Boy Inc. LZB, -2.30% fell 3% late Monday after the home-furniture maker topped Wall Street views for its fiscal first quarter but said that it expect its industry “to remain challenged.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AMC shares fall more than 10% ahead of stock conversionAMC’s stock-conversion plan is part of its ongoing battle to eliminate debt.
Read more »
AMC Stock Tumbles 24% Ahead of Friday’s ‘APE’ ConversionAMC Preferred Equity units, also known as APES, will no longer be traded on Aug. 25, and will instead be converted to common stock.
Read more »
AMC shares fall more than 22% ahead of stock conversionAMC’s stock-conversion plan is part of its ongoing battle to eliminate debt.
Read more »
AMC Stock Tumbles Again Ahead of Friday’s ‘APE’ ConversionAMC Preferred Equity units, also known as APES, will no longer be traded on Aug. 25, and will instead be converted to common stock.
Read more »
AMC data indicates ‘panic’ ahead of APE stock conversion, says Stocktwits'Sentiment has never felt worse in regards to AMC,” said Tommy Tranfo, head of community at Stocktwits
Read more »
AMC shares crater as investors brace for stock conversionThe movie theater chain’s preferred equity units, dubbed APE shares, are set to be transformed into common stock.
Read more »