Take a look at the companies that made headlines in afternoon trading: Walgreens Boots Alliance. Shares rose 5.4% on news that Walgreens is seeking potential buyers for its $8.8 billion Boots pharmacy chain in the UK, Bloomberg reported on Monday. Xponential Fitness — Shares of Xponential Fitness were last up nearly 11.3% in volatile trading. Earlier Monday, shares fell more than 9% to a 52-week low after the company’s top executive was suspended with no return date. GameStop — Shares of the video game retailer soared more than 74.4% Monday after “Roaring Kitty,” the man who sparked the 2021 GameStop mania, posted on Reddit for the first time in about three years. Trading was stopped several times due to volatility. Reddit, Robinhood — Shares of two companies that were caught up in the meme stock mania of 2021 rose Monday as GameStop surged. Shares of Reddit rose more than 8.7%, hitting their highest level since March, while shares of retail brokerage Robinhood rose about 4.1%. Squarespace — Shares of the web platform company jumped 13.3% after it announced a $6.9 billion deal to go private. Squarespace will be sold to private equity firm Permira for $44 a share, 15% above Friday’s closing price, after its performance as a public company continues to be poor. Arm Holdings – The chipmaker’s share price jumped 7.7% following a Nikkei report that Arm plans to release its first artificial intelligence chips next year. Incyte — Shares rose 8.6% after the biopharmaceutical company approved a $2 billion share repurchase program. Nexstar Media Group — The Irving, Texas-based television and digital media company added 1.1% after Morgan Stanley upgraded the stock to overweight from equal weight. The bank said the owner of 75% of the CW network expects increased rebroadcasts in 2024 and increased ad sales as programming expands. Intel — The chipmaker’s shares rose 2.2% after The Wall Street Journal reported it was in talks for an $11 billion deal with Apollo Global Management to build a plant in Ireland. SolarEdge Technologies — Solar energy shares rose 5.5% despite being downgraded to neutral in Susquehanna, while the company also lowered its price target due to concerns about the company’s gross margin outlook. About eight million SEDG shares are shorted, which equates to about four days of average trading volume, according to FactSet. Airline shares American Airlines gained 3.7%, while United Airlines and Delta Air Lines gained 3.2% and 1%, respectively, after HSBC began coverage with buy ratings. HSBC named Delta as its preferred stock in the sector and said demand for international travel, a rebound in corporate travel and capacity cuts would drive shares higher. — CNBC’s Alex Harring, Brian Evans, Hakyung Kim and Jesse Pound contributed reporting.
