GameStop shares jumped 43% as the gaming retailer unexpectedly posted a profit in the fourth quarter on nearly flat sales. Shares of fellow meme stocks AMC and Bed, Bath and Beyond also rose.
Here were some of the more active stocks in premarket trade Wednesday, as investors waited for the Federal Reserve to announce its latest interest rate decision.GameStop shares GME, +41.64% jumped 43% as the gaming retailer unexpectedly posted a profit in the fourth quarter on nearly flat sales. Shares of fellow meme stocks AMC Entertainment Holdings Inc. AMC, +4.78% and Bed, Bath and Beyond Inc. BBBY, -0.91% also rose.
Virgin Orbit Holdings Inc. shares VORB, +48.04% jumped 60% as it said it would start an incremental resumption of operations. Reuters reported that the venture-capital investor Matthew Brown is near a deal to make a $200 million investment in the struggling satellite launcher.Nike Inc. shares NKE, -1.22% weakened 0.3%. The athletic apparel maker late Tuesday topped fiscal third-quarter earnings and sales estimates but said margins would fall to the low end of its forecasts.
Petco Health & Wellness Co. Inc.’s stock WOOF, -11.90% dropped 7% as the pet food and health products company’s fourth-quarter earnings lagged estimates and it offered soft guidance for the current year.
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