Markets

Social Buzz: Wallstreetbets Favorite GameStop Jumps 8%; EV Maker Canoo Plunges 21% as Tesla, Nio Gain

4:04PM ET 3/30/2021 MT Newswires
Wallstreetbets focal point GameStop (GME) saw its shares jump 8% in late afternoon trading Tuesday. The gaming retailer said it has hired Amazon executive Elliot Wilke as its new chief growth officer.

Among the media and entertainment stocks, shares of forum favorite AMC Entertainment (AMC) were down about 1%. ViacomCBS (VIAC) and Discovery (DICSA) were also in play, with shares of ViacomCBS rising 4% and Discovery's climbing 7%.

Mortgage company Rocket (RKT), which has been bandied around for weeks now on the Reddit forum, saw its shares slip 2%.

Tech stocks Palantir (PLTR) and BlackBerry (BB) were up about 1%, while Apple (AAPL) shares eased 1%.

EV makers were a mixed bag Tuesday, with shares of Canoo (GOEV) plunging 21% after it issued its Q4 earnings report. Shares of Tesla (TSLA) and Nio (NIO) were up 4% and 6%, respectively.

Price: 192.21, Change: -1.38, Percent Change: -0.71