GameStop – Shares of the video game retailer jumped 7.3% after news that the company is planning to create a marketplace for nonfungible tokens, or NFTs. At its session high, the speculative name jumped more than 20% on the day.
T-Mobile – The company saw its stock fall 5% after it reported postpaid net customer additions of 844,000 in the fourth quarter and about 2.9 million total in 2021. That came in lower than the StreetAccount consensus expectations of 867,900 in the fourth quarter.
DraftKings – Shares of the sports betting company added 5.6% ahead of the launch of legal mobile sports betting in New York state on Saturday.
Discovery – The media stock soared 16.9% after Bank of America upgraded Discovery to buy. The pending merger with Warner Media could create a true rival to Netflix and Disney+ in the streaming space, Bank of America said.
The New York Times – Shares tumbled 10.7% after the newspaper publisher announced a deal to buy sports news site The Athletic for $550 million. The transaction is expected to close in the first quarter of 2022.Delta Air Lines – Shares gained 3.5% after Bank of America upgraded Delta to a buy rating. The firm cited a recovery in business travel as underlying its bull thesis on the stock.
