Here are some of the biggest stock movers Thursday:
Stock gainers:
Shares of chipmakers Taiwan Semiconductor Manufacturing Co.
TSM,
rose 1.4% and Nvidia Corp.
NVDA,
gained 0.6% as U.K.-based chip designer ARM Holdings PLC
ARM,
heads for its Nasdaq trading debut on Thursday. Both companies are among a host of companies investing in ARM at the IPO price. Late Wednesday, ARM priced shares at $51 each, towards the top end of the expected range.
AMC Entertainment Holdings Inc.
AMC,
stock rose nearly 3% after the movie theater chain and meme stock darling announced the completion of its at-the-market equity offering, raising approximately $325.5 million.
Semtech Corp. shares
SMTC,
fell as much as 6% after the analog and mixed-signal chip maker forecast a loss for the current quarter while Wall Street had expected a profit. The stock then rallied, rising 4.9% after market open.
Shares of Norwegian Cruise Line Holdings Ltd.’s
NCLH,
and Carnival Corp.
CCL,
rose 4.7% and 4.6%, respectively, after they were upgraded by a Redburn Atlantic analyst.
Stock decliners:
HP Inc. shares
HPQ,
fell more than 2% after Berkshire Hathaway
BRK.A,
BRK.B,
sold 5.5 million shares of the PC and printer maker, according to a Securities and Exchange Commission filing late Wednesday.
Read the full article here
