Midday movers: Ford Motor, AMC Entertainment, Advanced Micro Devices and more
By Liz Moyer
Investing.com -- Stocks were falling on Monday as investors awaited the Federal Reserve's decision on interest rates and its outlook for future meetings. Here are the midday movers for Jan. 30.
- Ford Motor Company (NYSE: F) stock fell 1.7% after the automaker announced price cuts to its EV Mustang Mach E. The move comes after EV rival Tesla (NASDAQ: TSLA) announced price cuts to some of its models.
- AMC Entertainment Holdings Inc (NYSE: AMC) shares fell 9.2% after the largest movie theater operator announced a March special shareholder meeting to consider a change in its capital structure.
Advanced Micro Devices Inc (NASDAQ: AMD) shares fell 2.5% as it prepares to report earnings on Tuesday. Wall Street was bracing for the report days after rival chip maker Intel (NASDAQ: INTC) posted disappointing earnings and a gloomy forecast.
- SoFi Technologies Inc. (NASDAQ: SOFI) shares rose 13% after the financial services company reported a narrower than expected loss for the recent quarter and said it was on track to GAAP net income profitability in the fourth quarter of 2023.
GE HealthCare Technologies Inc (NASDAQ: GEHC) shares rose 4% after the recent General Electric (NYSE: GE) spin-off reported earnings per share of $1.31 for its first quarter as a stand-alone company.