Company News for May 29, 2024

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  • Apple Inc.’s (AAPL) shares rose 0.1% following news that the company’s iPhone sales in China surged 52% year over year in April.
  • Shares of GameStop Corp. (GME) soared 25.2% after the company said that it had raised $933 million by selling 45 million shares as part of an “at-the-market” offering.
  • Hess Corp.’s (HES) shares rose 0.4% after its shareholders approved the $53 billion merger deal with Chevron Corp. (CVX).
  • Shares of American Airlines Group Inc. (AAL) tumbled 2.9% after it reduced second-quarter 2024 adjusted earnings per share to the range of $1-$1.15 from $1.15-$1.45 estimated earlier. 

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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