Big Stock Movers: GME, NURO, GGPI
3:22 pm Thursday, May 19th, 2022
GameStop (NYSE:GME) is continuing to find ways to build popularity with retail investors. Today, GME stock is once again on the move higher, surging nearly 10% in the afternoon session. Well, the company tweeted “gm” to all its fans A popular term used among crypto fanatics — and just a good morning greeting — this has been a signal speculators have been waiting for as a reason to add to their holdings. This tweet came from a GameStop-affiliated account, with the handle GameStopNFT. This is also the first tweet from this Twitter account.
NeuroMetrix (NASDAQ:NURO) stock has accelerated 70% higher as the result of an announcement today that the FDA has authorized NeuroMetrix to market the Quell wearable neuromodulation device. Wearables are a growing market segment in the healthcare sector many investors are watching closely. Notably, this authorization marks the first non-pharmacological treatment for fibromyalgia on the market right now. As an innovative company focused on medical devices and technological solutions, there’s a lot to like about NeuroMetrix. Undoubtedly, this move by the FDA to grant a special designation for the Quell device is a big step in the right direction. Today, the market appears to be pricing in serious adoption of these devices. However, a risk of uncertainty always surrounds such announcements, and time will tell if this bullish move was ultimately right or not.
Blank-check acquisition company Gores Guggenheim (NASDAQ:GGPI) is in the green today on a promising Polestar investor presentation. Its electric vehicle (EV) merger partner announced record sales for fiscal Q1. Now GGPI stock is climbing slightly on the company’s promising numbers. Polestar, set to merge with Gores Guggenheim via a SPAC merger in the first half of 2022, has experienced impressive growth over its lifespan. The Swedish EV maker sold 13,600 cars in Q1, more than double the prior-year period. Polestar also recently announced a partnership with car rental company Hertz (NASDAQ:HTZ). The EV startup has signed on to supply Hertz with up to 65,000 vehicles through 2027.
