Midday Movers: GameStop, Seagen, Energy Stocks and More

2022.07.07 22:26

By Liz Moyer

Investing.com — U.S. stocks rallied ahead of Friday’s jobs report for June. Here are the midday movers for July 7:

• GameStop Corp (NYSE:GME) shares jumped 12% on Thursday after the company detailed its stock split, aiming for a 4-for-1 transaction later this summer.

• Seagen Inc (NASDAQ:SGEN) stock rose more than 2% after a report that Merck & Company Inc (NYSE:MRK) was near a deal to buy the biotech company for $40 billion.

• Energy stocks rebounded after a couple of down days. Exxon Mobil Corp (NYSE:XOM) stock rose 3%, while Marathon Oil Corporation (NYSE:MRO) jumped 5% and Occidental Petroleum Corporation (NYSE:OXY) rose nearly 4%.

• Bed Bath & Beyond Inc (NASDAQ:BBBY), another meme stock, rose 25% on Thursday after filings showed a wave of insider buying in the shares.
• Beyond Meat Inc (NASDAQ:BYND) rose more than 7% after a report the meatless food maker was named the plant-free food provider to Disneyland Paris.

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