GameStop Corp

Check out the companies making headlines before the bell:Hormel (HRL) – Hormel added 1.7% in premarket trading after beating top and bottom-line estimates for its latest quarter. The company behind the Spam, Dinty Moore and Jennie-O food brands backed its earlier full-year sales guidance and also said its moves to mitigate inflation and supply chain issues were proving effective.Designer Brands (DBI) – The footwear and accessories retailer reported better-than-expected profit and revenue for its latest quarter and raised…

Robinhood is handing over the keys to some of its customers' crypto.The trading and investing company announced Tuesday it will let users hold and custody their own cryptocurrencies and NFTs in a separate, stand-alone app. It's the latest move in the digital asset space for Robinhood as it reaches for growth beyond stock trading. The company shares are off more than 70% since its IPO.The new app will put Robinhood squarely in competition with Coinbase and start-ups like MetaMask. Coinbase CEO Brian Armstrong called his…

Ernie Garcia, CEO, CarvanaScott Mlyn | CNBCCarvana CEO Ernie Garcia III regularly tells Wall Street that "the march continues" in the company's mission to become the largest and most profitable used car retailer in the world.Its stock price has marched this year as well, just in the wrong direction for investors. Within six months, Carvana has gone from Wall Street's preferred used car retailer poised to capitalize on a robust market to trading like a volatile meme stock amid cost-cutting measures and layoffs.The fall…

Check out the companies making headlines in midday trading Thursday.Carvana — Shares of the online used-car retailer popped nearly 30%, alongside other heavily shorted stocks. Nearly 29% of Carvana shares available for trading are sold short, according to FactSet. The company has faced negative sentiment on Wall Street recently, with downgrades this month from Stifel, Morgan Stanley and Wells Fargo.Tapestry — Shares soared 15.9% after the luxury company behind Coach and Kate Spade reported that it expects Covid-related…

A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022.Brendan McDermid | ReutersShares of two meme stocks surged Thursday, adding an unexpected wrinkle for a market that has been dropping in choppy trading for more than a month.GameStop jumped more than 30% and was halted for volatility multiple times, before its gains shank to about 5%. The stock of theater chain AMC Entertainment rose 7%, down from a surge of more than 20% at one point.GameStop…