To see how far GameStop Corp. has outrun anyone’s ability to render sensible analysis, consider what its dizzying rally has done to Wall Street’s best guesses of its value.
Nidec Corp. raised its annual outlook and said it will buy back shares after reporting quarterly profit and sales that topped analysts’ estimates, underscoring strong demand for motors by automakers and companies seeing higher sales due to the pandemic.
GameStop Corp. extended its eye-popping surge in premarket trading on Monday, more than doubling from Friday’s close as bullish day traders maintained the upper hand over short sellers.
Moneta Money Bank AS jumped the most on record after billionaire Petr Kellner proposed to buy a stake in an attempt to revive one of the largest Czech banking mergers that fell through two years ago.
German companies’ optimism in an economic recovery is being tested as extended lockdowns at home and abroad curb activity.
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