Breaking News
Investing Pro 0
🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data

Midday movers: Ciena, GameStop, vaccine stocks and more

Stock Markets Dec 09, 2022 01:56
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters
 
US500
+1.05%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
CVX
-1.53%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
CIEN
+0.02%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
XOM
-1.09%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
PFE
-0.43%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
GME
-0.18%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Liz Moyer

Investing.com -- Stocks were rising on Thursday as investors tried to break the S&P 500's five-day losing streak ahead of next week's Fed meeting. Here are the midday movers for Dec. 8.

  • Ciena (NYSE:CIEN) stock rose nearly 20% after the network equipment maker handily beat expectations for profit and revenue and said it sees the opportunity for "outsize" revenue gains in 2023.

  • GameStop (NYSE:GME) stock rose 9% even after the video game retailer said net sales dropped in the recent quarter as it continues to work on a turnaround effort.

  • Vaccine makers' stocks were rising after the Food and Drug Administration approved the Covid-19 booster shot designed to combat the Omicron variant for children as young as six years old. Pfizer (NYSE:PFE) rose 1.9%, BioNTech SE (NASDAQ:BNTX) rose 3.6%, and Moderna (NASDAQ:MRNA) rose 1.5%.

  • Exxon Mobil (NYSE:XOM) shares rose 1.1% after the oil major said it would buy back up to $50 billion of stock through 2024 after reporting its highest profit in history. The announcement expands a plan to buy back $30B of stock through next year. Chevron (NYSE:CVX) shares rose 0.6% after it said it would raise its capital spending by 25% next year.

  • Rackspace Technology Inc (NASDAQ:RXT) stock fell 13% days after saying a ransomware attack was blocking some customers from their email inboxes for days.

Midday movers: Ciena, GameStop, vaccine stocks and more
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email