Movers: Axon, Didi, Electronic Arts, VMware, Siemens Gamesa

Barry Adams
23 May, 2022
New York City

Axon Enterprise Inc declined 5.7% to $93.75 after the maker of Taser guns was downgraded by Morgan Stanley joining other analysts in lowering its outlook and price target. 

Didi Global Inc declined 0.3% to $1.50 after the Chinese ride-hailing company won shareholder approval to delist its share from the New York Stock Exchange. 

Only a year ago the company had raised $4.4 billion in a public offering and listed its stock on the NYSE.

In an extraordinary shareholder meeting on Monday in Beijing shareholders, including SoftBank and Tencent, voted in an overwhelming majority to delist the company shares from the NYSE.  

The stock is expected to be delisted in June and has declined 90% from its closing price on the first day of trading on June 30, 2021. 

Just a few months later, the Chinese authorities targeted the company with cybersecurity reviews and the company became a poster child for the Chinese regulatory crackdown on tech companies. 

Electronic Arts jumped 2% to $133.36 after media reports suggested that the video game publisher is looking to find a merger partner. 

GameStop Corp rose 1& to $96.68 after the video game retailer released its digital wallet for cryptocurrencies and NFTs. 

VMware, Inc soared 21% to $115.65 after the cloud infrastructure company is in advanced talks to be acquired by the chip maker Broadcom according to news reports from Bloomberg News and Reuters. 

Broadcom declined 3% to $526.86. 

Starbucks added 0.7% to $73.93 and the coffee chain operator confirmed its plan to exit Russia after 15 years of presence and close down all 130 licensed cafes. 

Siemens Gamesa Energy Renewable, S.A. increased $1.71 to $18.75 after Siemens Energy, a unit of Siemens AG, made a cash tender offer to acquire all outstanding shares in Siemens Gamesa Renewable Energy, the Spanish wind-turbine maker.  

The company will offer