BY THE NUMBERS
IN THE NEWS TODAY
Shares of Morgan Stanley (MS) dropped 1.2% in the premarket after the bank reported Thursday morning better-than-expected earnings and revenue in the second quarter on strength in equities trading and investment banking. (CNBC)
UnitedHealth (UNH) on Thursday morning reported quarterly earnings that beat expectations. The largest U.S. health insurer also raised its full-year earnings target. The Dow stock fell 0.4% in premarket trading. (CNBC)
Shares of AMC Entertainment (AMC) dropped another 6% in Thursday’s premarket, indicating a fifth straight session of losses, one day after dropping 15%. The volatile meme-stock has lost a total of 30% over the past four down sessions. As of Wednesday’s close, AMC shares have lost more than half of their value after hitting an all-time of $72.62 on June 2. (CNBC)
GameStop (GME), the original meme stock, has fallen more than 21% this month, and it continued to so in the premarket as the reality of bubble-like rallies and failing businesses started to become apparent for Reddit-obsessed investors. However, for 2021, AMC was still up more than 1,450% and GameStop was up nearly 800%.
General Motors (GM) is telling owners of 2017-2019 Bolt EVs that were part of a recent recall not to park their vehicles inside or charge them unattended overnight. The warning comes after two Bolt EVs caught fire. Those vehicles had been repaired as part of a recall of nearly 69,000, which were flagged for fire risks. (CNBC)
