Before you call, check out the companies that are making headlines. AMC Entertainment, GameStop — Shares of AMC and GameStop fell in early morning trading as momentum faded amid the meme stock craze that was reignited Monday by the re-emergence of “Growling Kitty” on social media. AMC shares fell more than 7% after the movie theater chain announced it would issue more than 23 million shares “in exchange for $163,850,000 in aggregate principal amount of its 10%/12% Cash/PIK Toggle Second Lien subordinated notes with maturing in 2026.” GameStop shares fell 6%. Boeing — Shares of the plane maker fell 1.1% after the Justice Department said Boeing violated a 2021 settlement agreement related to two fatal 737 Max crashes, exposing the company to potential prosecution in the United States. Nio — Shares rose 3.3% after JPMorgan upgraded the Chinese electric vehicle maker to neutral due to underweight ratings. The stock, which has risen sharply over the past month, could benefit from Chinese government stimulus policies and Nio’s latest battery-as-a-service (BaaS) strategy, which could boost sales, the bank said. Dell — Shares of the technology company rose about 2% after Morgan Stanley raised its price target for the stock. The bank said Dell is “gaining momentum” in its work with corporate clients, including in relation to demand for artificial intelligence servers. SunPower — Solar energy shares fell 22.3%, giving back some of their 59% gain from the previous session. Stocks surged Tuesday after the White House announced higher tariffs on some solar products from China. However, Wolfe Research downgraded the stock to underperform its peers on Wednesday, noting that SunPower is “the most prominent example of the resurgence of meme stocks” among cleantech companies. — CNBC’s Alex Harring, Fred Imbert and Jesse Pound contributed reporting.
