the Dow closed above the key 40,000 point level.
These stocks behaved as follows:
GameStop stock fell 20% after the video game retailer announced it would sell up to 45 million shares in an over-the-counter offering. The company also gave a disappointing outlook for the first quarter.
…
The stock is IThe situation changed on Friday, with the Dow Jones Industrial Average closing above the important 40,000 point level.
These stocks behaved as follows:
GameStop stock fell 20% after the video game retailer announced it would sell up to 45 million shares in an over-the-counter offering. The company also gave a disappointing outlook for the first quarter.
Doximity shares rose 18% after the online platform for medical professionals beat fourth-quarter revenue estimates. The board also authorized the repurchase of up to $500 million of the company’s Class A common stock.
DXC Technology stock fell 17%. The information technology consulting firm reported a 5.7% year-over-year decline in fiscal fourth-quarter revenue and presented weak financial metrics.
Cracker Barrel stock fell 15% after the restaurant chain cut its quarterly dividend from $1.30 to 25 cents per share, citing a strategic transformation plan.
Advertisement – SCROLL TO CONTINUE
Robinhood Markets shares rose 12% to $20.09 after BofA Securities analysts upgraded the brokerage app twice from underperform to buy. The company raised its price target from $14 to $24.
Reddit shares rose 10% on news that the social media company had signed a deal to license content from artificial intelligence startup OpenAI.
Email Emily Dattilo at emily.dattilo@dowjones.com.
