Midday movers: Ford Motor, AMC Entertainment, Advanced Micro Devices and more

Investing.com

January 30, 2023 at 8:38 a.m.·1 min read

By Liz Moyer

Investing.com -- Stocks were falling on Monday as investors awaited the Federal Reserve's decision on interest rates and its outlook for future meetings. Here are the midday movers for Jan. 30.

Ford Motor Company (NYSE:F) stock fell 1.7% after the automaker announced price cuts to its EV Mustang Mach E. The move comes after EV rival Tesla (NASDAQ:TSLA) announced price cuts to some of its models. AMC Entertainment Holdings Inc (NYSE:AMC) shares fell 9.2% after the largest movie theater operator announced a March special shareholder meeting to consider a change in its capital structure.

Advanced Micro Devices Inc (NASDAQ:AMD) shares fell 2.5% as it prepares to report earnings on Tuesday. Wall Street was bracing for the report days after rival chip maker Intel (NASDAQ:INTC) posted disappointing earnings and a gloomy forecast.

SoFi Technologies Inc. (NASDAQ:SOFI) shares rose 13% after the financial services company reported a narrower than expected loss for the recent quarter and said it was on track to GAAP net income profitability in the fourth quarter of 2023.

GE HealthCare Technologies Inc (NASDAQ:GEHC) shares rose 4% after the recent General Electric (NYSE:GE) spin-off reported earnings per share of $1.31 for its first quarter as a stand-alone company.

Midday movers: Ford Motor, AMC Entertainment, Advanced Micro Devices and more

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