Thinking About Buying Stock In GameStop, Qualcomm, Shell Or Palantir?

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 GameStop, Qualcomm, Shell and Palantir are moving.

GameStop GME shares are trading higher on continued strength after RC Ventures on Monday increased its stake in the company and said it was having discussions with the board. 

Qualcomm QCOM shares are trading higher after Baird initiated coverage on the stock with an Outperform rating and a price target of $200 per share.

Royal Dutch Shell (NYSE: RDS-A) (NYSE: RDS-B) shares are trading higher after MKM Partners Initiated coverage on the stock with a Buy rating and a price target of $57 per share.

Palantir Technologies PLTR shares are trading higher after the company reported a 2-year contract with the UK National Health Services worth $31.5 million.