Here’s a look at the companies that made headlines in midday trading: GameStop — The meme stock surged 21% in volatile trading amid speculation that Keith Gill, who sparked 2021’s epic short selling, holds a huge position in the video game retailer. Gill, known on Reddit as DeepF——Value, resurfaced Sunday night, posting a screenshot of what appeared to be his portfolio holding 5 million shares of GameStop common stock worth more than $100 million. He also held 120,000 call options on GameStop. Another meme stock, AMC, soared 11.1%. Both companies were also affected by technical issues on the New York Stock Exchange Monday morning. Waste Management, Stericycle — Waste Management will acquire Stericycle for $7.2 billion, the companies announced Monday. Stericycle shares rose about 14.6%, while Waste Management fell 4.5%. Spotify — The music streaming company rose 5.7% after announcing a price hike for its premium subscriptions in the U.S. in July, the second price hike in a year for the Swedish company. GSK — The pharmaceutical giant fell more than 8.7% after a Delaware court ruled that it can present scientific evidence in about 75,000 lawsuits alleging that its discontinued heartburn drug Zantac may contain carcinogens. Paramount Global — The media company rose 7.5% after CNBC’s David Farber reported that the company and Skydance have agreed to merger terms. The deal could be announced within days and is pending approval from Paramount’s controlling shareholder Shari Redstone, he reported. Lattice Semiconductor, Coherent — Lattice shares fell 15.5% after CEO Jim Anderson stepped down to take the helm at Coherent. Coherent shares rose 22.9%.Esam Elashmawi, head of marketing and strategy at Lattice, was named interim CEO while a search for a permanent leader is conducted. Becton, Dickinson & Company — The medical technology stock rose 3% after the company said it would buy Edwards Lifesciences’ critical care products in a $4.2 billion cash deal. Edwards Lifesciences shares rose 0.5%. MarineMax — Shares of the boat and yacht services company surged 27% after a Bloomberg News report said OneWater Marine was in acquisition talks with the company. OneWater Marine would pay $40 per share, according to the report. India and Mexico Stocks — Stocks linked to India and Mexico fluctuated following elections in their respective countries. The iShares MSCI India ETF (INDA) rose 3.4%, hitting a 52-week high. Exit polls suggest Prime Minister Narendra Modi and his coalition are poised to win a third consecutive term in power. iShares MSCI Mexico ETF (EWW) fell about 10.7% after Claudia Scheinbaum was elected as the first woman to serve as president. Cava — Shares fell about 4.9% after JPMorgan downgraded the Mediterranean fast-casual restaurant chain to neutral from overweight. The bank said the Mediterranean fast-casual restaurant chain is a high-flying stock. The stock is more than doubling in value by 2024. Nvidia, AMD — AMD is down about 2% after unveiling new artificial intelligence chips. Fellow chipmaker Nvidia, up 4.9%, also unveiled a new generation of AI chips on Sunday, a successor to its previous “Blackwell” products released in March. Bank of America maintained its price target after naming Nvidia its top pick in a note on Monday, suggesting the stock could rise about 36%.Structure Therapeutics — The biotech company’s shares surged 54.2% after a mid-stage clinical trial showed positive results that its experimental anti-obesity drug could help patients lose about 6% of their weight after 12 weeks of treatment. Autodesk — The software company rose 4.6% after it said it would not restate its financial results following an investigation into its accounting practices. Krispy Kreme — The company’s shares rose 1.6% after it was upgraded to overweight by JPMorgan. The company believes increased accessibility will allow it to more fully enter the global luxury market. McDonald’s and Krispy Kreme said in March they would expand their partnership to all of the burger chain’s U.S. locations by the end of 2026. Masimo — The medical technology stock surged 3% after Piper Sandler upgraded it to overweight from neutral. Piper Sandler said investors are more likely to make money on the stock at the current price. MongoDB — Shares of the developer data platform fell 0.6% despite Guggenheim upgrading the stock to neutral from sell. Guggenheim’s announcement comes after the company provided investors with a weak outlook for the current quarter and full year last week. First Solar — Shares rose 0.4% after Goldman Sachs reiterated a buy recommendation on the solar power solutions company. Goldman said there are multiple reasons to remain optimistic about the stock’s trajectory after the stock’s recent rally. — CNBC’s Sean Colon, Yun Li, Pia Xin, Michelle Fox and Christina Cheddar-Burke contributed to this report.
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