Check out the companies making headlines in midday trading. GameStop — GameStop shed nearly 15% after the video game retailer reported lower fourth-quarter revenue from a year ago. The company also said it axed an unspecified number of roles to trim costs. Merck — Merck jumped 4% after the U.S. Food and Drug Administration on Tuesday approved its drug to treat a life-threatening lung condition. Carnival — Shares slipped 2% after the cruise operator reported first-quarter revenue of $5.
The biggest new addition is the Robinhood Gold Card, a credit card with high cash back rewards that can be deposited into a customer's brokerage account. Deutsche Bank — Shares popped 3.4% on the back of a Morgan Stanley upgrade to overweight. Morgan Stanley said the German bank can add to the notable gains already seen this year. General Electric — General Electric added 3% after Wells Fargo reiterated its overweight rating on the stock and lifted its price target to $200.
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