The Dow closed above the important 40,000-point level on Friday, with little change in the stocks.
These stocks changed:
The stock price of GameStop dropped 20% after the company said it would sell up to 45 million shares at the market price. The company also gave bad predictions for the first quarter of its fiscal year.
Doximity shares went up 18% after the online platform for doctors made more money than expected in its fourth fiscal quarter. The company’s board of directors also gave the go-ahead to buy back up to $500 million worth of Class A common stock.
The price of DXC Technology stock fell 17%. The IT consulting firm said that its revenue in the fiscal fourth quarter fell 5.7% from the same time last year and gave weak financial guidance.
Cracker Barrel stock dropped 15% after the restaurant chain cut its quarterly dividend from $1.30 to 25 cents a share, citing a plan to “strategic transform.”
The price of Robinhood Markets shares went up 12% to $20.09 after analysts at BofA Securities raised the rating of the brokerage app from Underperform to Buy. The company raised its price target for the stock from $14 to $24.
Reddit stock went up 10% after news came out that the social media company had agreed to let the AI start-up OpenAI use its content.
