- GameStop is launching a non-fungible tokens marketplace
- Vocera Communications is merging with Stryker
- Bed Bath & Beyond shares jump despite fiscal Q3 earnings and revenue miss
GameStop to launch NFT platform
GameStop (NYSE: GME) shares were in an uptrend on Thursday, jumping 22%. The surge is attributed to news that the company plans to establish a non-fungible tokens (NFTs) marketplace. Notably, in 2021 the company saw notable growth thanks to the meme stock craze after the activity of traders in the Reddit platform pumped up share prices.
The Wall Street Journal reported that GameStop would launch an NFT marketplace in addition to the several anticipated partnerships in the cryptocurrency sector. The collaborations the company is seeking will enable it to develop games and other items that will be available on the marketplace.
Vocera Communications announce merger agreement
Vocera Communications Inc. (NYSE: VCRA) shares increased 25% after the company announced a definitive merger agreement with Stryker (NYSE: SYK). According to the agreement terms, Stryker will purchase all outstanding Vocera common shares at $79.25 per share, which will bring total equity value to almost $2.97 billion.
Established almost two decades ago, Vocera Communication has positioned itself among the top platforms in the care coordination and digital communication space. The merger will give Strycker access to a novel and complementary portfolio from Vocera that will address the growing need for healthcare facilities.
Bed Bath & Beyond misses Q3 earnings and revenue estimates
Bed Bath & Beyond (NASDAQ: BBBY) shares were up 20% on Thursday, although the company reported fiscal Q3 results that missed estimates. The company had a surprise loss of $276.4 million or $2.78 during the quarter missing EPS estimates of $0.01. On the other hand, sales were $1.878 billion coming short of analysts' estimates of $1.951 billion. For the current quarter, the company is holding for EPS of $0.15 per share on sales of $2.1 billion.
Berkeley Lights CEO moves to Antibody Therapeutics unit
Berkeley Lights Inc. (NASDAQ: BLI) shares dipped 30% after announcing that its CEO Eric Hobbs is moving from his role and as a member of the board of directors to become the president of the Antibody Therapeutics unit. The company is currently looking for a new CEO as it continues to execute its business strategies.
Among the business strategies, Berkeley is working on include adding services to its products portfolio. Hobbs will continue serving as CEO until the company finds a replacement.