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Here's Why Microsoft, Plug Power And AMC Are Moving

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Here's Why Microsoft, Plug Power And AMC Are Moving

One of the most common questions traders have about stocks is “Why Is It Moving?”

That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving. 

Here’s why shares of Microsoft, Plug Power, GameStop and AMC are moving. 

Microsoft Corporation (NASDAQ: MSFT) shares are trading higher after the company reported better-than-expected second-quarter EPS and sales results.

Microsoft develops and licenses consumer and enterprise software. It's known for its Windows operating systems and Office productivity suite. 

Plug Power (NASDAQ: PLUG) shares are trading lower after the company announced a $1.5 billion proposed public offering of common stock.

Plug provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets in North America and Europe. The company garnered an abundance of attention from investors in 2020 for its GenDrive system, a hydrogen-fueled PEM fuel cell system that provides power to material handling electric vehicles.

Shares of GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings (NYSE: AMC) are skyrocketing as they continue to see high interest in the r/WallStreetBets community on Reddit. One of the biggest news stories of the last two weeks has been the battle between retail traders versus hedge funds that shorted GameStop.

Citron Research was one of the most vocal opponents of GameStop, saying shares would fall below $20. Melvin Capital and Citron have since thrown in the towel and covered their GameStop shorts.

 

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