Here's Why GameStop, Qualcomm And Bumble Are Moving

Benzinga2021-04-12

One of the most common questions traders have about stocks is “Why Is It Moving?”

That’s why Benzinga created the Why Is It Moving, or WIIM, feature inBenzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.

The following are analyst rating updates for GameStop, Qualcomm and Bumble.

Ascendiant Capital analyst Edward Woo downgraded GameStop Corp.GMEfrom Hold to Sell and lowered the price target from $12 to $10.

GameStop is a video game and consumer electronics retailer. The company operates across Europe, Canada, Australia and the United States.

Shares of GameStop were trading lower by around 1% at $157 in Monday’s pre-market session.

Evercore ISI Group analyst C.J. Muse downgraded QUALCOMM, Inc.QCOMfrom Outperform to In-Line and lowered the price target from $195 to $150.

Qualcomm develops products used in mobile devices and other wireless products, including network equipment, broadband gateway equipment and consumer electronic devices worldwide.

Shares of Qualcomm are trading lower by around 1% at $139.50.

BTIG analyst Jake Fuller initiated coverage of Bumble IncBMBLwith a Buy rating and $77 price target.

Bumble provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and credit-based dating products.

Shares of Bumble were trading higher by 2% at $61.50.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

sodaa
2021-04-12
sodaa
wow
B1B2
2021-04-12
B1B2
???
Mando88
2021-04-12
Mando88
Looking at Qualcomm to go back to high.
jtan7141
2021-04-12
jtan7141
Fighting!

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