By CHICAGO, ILLINOIS – MARCH 16: A GameStop store operates in a strip mall on March 16, 2023 in Chicago, Illinois.
Scott Olson/Getty Images
Here were some of the more active stocks in premarket trade Wednesday, as investors waited for the Federal Reserve to announce its latest interest rate decision.
Stock gainers:
GameStop shares
GME,
+4.62%
jumped 43% as the gaming retailer unexpectedly posted a profit in the fourth quarter on nearly flat sales. Shares of fellow meme stocks AMC Entertainment Holdings Inc.
AMC,
+3.28%
and Bed, Bath and Beyond Inc.
BBBY,
+0.98%
also rose.
Virgin Orbit Holdings Inc. shares
VORB,
-14.64%
jumped 60% as it said it would start an incremental resumption of operations. Reuters reported that the venture-capital investor Matthew Brown is near a deal to make a $200 million investment in the struggling satellite launcher.
Stock fallers
Nike Inc. shares
NKE,
+3.64%
weakened 0.3%. The athletic apparel maker late Tuesday topped fiscal third-quarter earnings and sales estimates but said margins would fall to the low end of its forecasts.
Petco Health & Wellness Co. Inc.’s stock
WOOF,
+3.56%
dropped 7% as the pet food and health products company’s fourth-quarter earnings lagged estimates and it offered soft guidance for the current year.
