Stocks making the biggest moves midday: GameStop, AMC, Boeing, Nio and more

Check out the companies making headlines in midday trading. GameStop , AMC Entertainment - The so-called meme stocks retreated significantly after a two-day rally . GameStop declined about 30%, while AMC dropped 20% as the trading frenzy seemed to fade. The sell-off in AMC shares also came after the company announced a debt-for-equity swap. Before Wednesday, GameStop and AMC were up 179% and 135% this week, respectively. Boeing — Shares slipped 1.

According to the firm, shares could benefit from Chinese government stimulus policy and Nio's latest battery as a service strategy, which could drive sales, the bank said. Nio on Wednesday also launched its new lower-priced brand Onvo , which aims to compete with Tesla. Monday.com — The project management software company soared nearly 19% after posting better-than-expected first-quarter results.

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