Stock Market Update

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Stock Gainers

  • Nvidia (NVDA, -2.77%): Shares of Nvidia rose by 2% ahead of the highly anticipated release of its latest results. Cathie Wood’s ARK Invest recently sold stock in the graphics chipmaker, according to a fund disclosure.

  • Novovax (NVAX, +13.51%): Novovax stock saw a 3% increase after surging by 13% on Tuesday. The company announced that its COVID-19 vaccine is effective against the current variant responsible for most cases in the U.S. and Europe.

  • United Parcel Services Inc. (UPS, -0.97%): The stock of UPS went up by 1% as workers at the deliveries and logistics company voted for a new contract.

Stock Decliners

  • AMC Entertainment (AMC, -18.27%): AMC Entertainment’s stock experienced a 13% decline following an 18% drop on Tuesday. The company has planned a reverse stock split to be followed by the conversion of APE preferred shares.

  • La-Z-Boy Inc. (LZB, -2.30%): Shares of La-Z-Boy Inc. fell by 3% late Monday despite surpassing Wall Street expectations for its fiscal first quarter. The company expressed concerns about the challenging state of the industry going forward.

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