GameStop, Luminar, and AMC: A Look at Today's Market Movers
GameStop's stock surged 44% after posting a quarterly profit for the first time in two years, while Luminar Technologies' shares dropped nearly 9.2% after being downgraded by Goldman Sachs. Petco Health and Wellness fell by 7.8% after reporting Q4 earnings that missed Wall Street's expectations. Virgin Orbit Holdings' shares soared by nearly 73.3% after aiming to close a deal for a $200 million investment from Texas-based venture capital investor Matthew Brown. Boeing's shares declined by 1.3% on news that it will take additional charges to its KC-46 tanker program due to a supplier quality issue with the center fuel tank.