Brendan McDermid Reuters See the companies that make headlines in the noon transactions. GameStop – Shares of the video game retailer fell 6% in a huge trading volume. More than 8 million shares traded as of 10:50 a.m. ET, already doubling the average all-day volume of 4.6 million 30 days. There were some big GameStop block trades during the first NYSE trades. Nielsen Holdings – Shares rose about 20% after news that a group of private equity investors led by Brookfield Business Partners would acquire the rating company for $ 16 billion. The company had previously turned down a $ 9 billion bid from the same group. NortonLifeLock – The shares of the cyber security company fell 4.5% in the noon trading. On Tuesday, Morgan Stanley downgraded its NortonLifeLock stock to equities, saying the company sees “limited catalysts” for the cybersecurity company. A UK regulatory inquiry into NortonLifeLock’s $ 8.6 billion deal with Avast and higher inflation costs is holding back the stock. FedEx – FedEx shares gained 4.2% after the news that CEO Fred Smith will resign on June 1. Smith, who founded the package and delivery company more than 50 years ago, will serve as executive chairman. President and Chief Operating Officer Raj Subramaniam will replace him as Chief Executive Officer. Uber – Shares rose 6% as the carrier is close to a deal to include San Francisco taxis in its implementation, the New York Times reported. The report comes after Uber announced last week a deal to offer taxi rides in New York on its platform. Dave & Buster’s – Shares of the arcade company soared by 10% despite missing the top and bottom line of its quarterly results. Dave & Buster’s said the company “strengthened” in the first eight weeks of the first quarter with sales in the same stores increasing by 5.4% compared to the same period in 2019. Reynolds Consumer Products – Consumer maker shares fell nearly 3% in midday trading after Goldman Sachs doubled its share for a sell-off. The Wall Street company said the consensus was too high for Reynolds. Stellantis – Shares of the auto industry rose 7% in midday trading despite news that it was laying off an unknown number of employees at its Illinois Jeep plant in a bid to “make the plant run more sustainably”. Jefferies – Jefferies shares rose more than 7% in midday trading as they reported better-than-expected quarterly earnings and earnings. Jefferies gained $ 1.23 a share, well above the 89-cent estimate, according to Refinitiv. UnitedHealth Group – Healthcare giant UnitedHealth Group has announced a deal to buy LHC Group for $ 170 per share. The LHC Group rose 1% in midday trading, while the UnitedHealth Group remained virtually stable. – Reported by CNBC’s Samantha Subin, Sarah Min, Hannah Miao, Tanaya Macheel and Yun Li.
