On this episode of Stock Movers:
- Fedex (FDX) falls. US transportation stocks are broadly weak after Amazon launched Amazon Supply Chain Services, extending its freight, distribution, fulfillment and parcel shipping solutions to businesses beyond its marketplace sellers.
- Ebay (EBAY) shares rise. GameStop is proposing to buy eBay Inc. for about $56 billion in cash and stock, a 20% premium to its Friday close. The company offered $125 per share in cash and stock for the online marketplace and has secured an initial, non-binding "highly confident letter" from TD Bank to provide about $20 billion of debt financing.
- Norweigian Cruise Line (NCLH) shares fall. Norwegian Cruise Line Holdings Ltd. cut its full-year adjusted earnings outlook due to disruptions tied to the Middle East. Higher fuel prices and waning travel demand to Europe are adding to its weaker-than-expected bookings at the start of this year.