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Social Buzz: Palantir Rallies Post-Earnings, AMC Continues Upward Climb

05/11/2021 11:38

03:36 PM EDT, 05/11/2021 (MT Newswires) -- Palantir Technologies (PLTR) was the high-flyer of the Wallstreetbets stocks on Tuesday, with shares rallying 9% after the company released its first-quarter earnings report before market open.

AMC Entertainment (AMC) shares jumped 5%. The stock has been climbing steadily since the company revealed last week during its quarterly earnings calls that it had gained market share since movie theaters reopened this spring.

Also gaining were shares of GameStop (GME), up 3%, and Advanced Micro Devices (AMD), up 1%.

Chinese EV maker NIO (NIO) saw its shares rise 2%, while shares of US rival Tesla (TSLA) slid 2%.

Rocket (RKT) shares dipped 3%. The stock has been trending downwards since the mortgage company released its quarterly earnings report on May 6.

Virgin Galactic (SPCE) also received a significant number of mentions on the Reddit forum Tuesday. Shares of the space travel company were trading flat the day after it released its quarterly earnings report.

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