Midday market movements were influenced by numerous companies: GameStop’s share price fell by over 28% after a poor earnings report and news of additional stock sales. The announcement came alongside news that famous meme stock trader “Roaring Kitty” was set to begin his livestream at noon ET. Vail Resorts’ shares dropped 12% after the company fell short of LSEG consensus estimates in its latest quarterly results. Oddity Tech saw its stock surge by 23% after a $150 million share buyback program was approved. Semtech’s share price fell by 18% following the departure of CEO Paul Pickle. Dr. Hong Q. Hou was named as his replacement. DocuSign’s shares dropped 5% despite better-than-expected fiscal Q1 results. Planet Labs’ shares rose by 9.3% after outperforming Q1 expectations. Geron’s stock surged by more than 20% after the FDA approved Rytelo, its blood disorder treatment. Skechers’ shares rose by over 2%, following an upgrade from Bank of America. Samsara’s shares fell by 12% despite beating earnings and revenue estimates. Braze’s shares increased by 4.4% after reporting a smaller-than-expected Q1 loss. Gold stocks Newmont and Freeport-McMoRan both fell by around 4% due to decreasing gold prices. The report was contributed by CNBC’s Sean Conlon and Yun Li.
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