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Stocks making the biggest moves midday: Exxon Mobil, GameStop, Palo Alto Networks, Blackstone & more

Cnbc · · 670 words · By Davis Giangiulio
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What to know about Stocks making the biggest moves midday: Exxon Mobil, GameStop, Palo Alto Networks, Blackstone & more

Here are the companies making headlines in midday trading.

Claims checked 32
Techniques found 0
Topics 0

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center75%
Right25%

4 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Here are the companies making headlines in midday trading.

Why it matters

Quantum computing stocks — A slate of quantum computing plays slid Wednesday as investors cashed out after shares rallied in the prior session.

Common ground

Shares of Rigetti Computing lost 10%, shares of D-Wave Quantum fell 7% and IonQ 's stock fell 4%.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

open_in_new Read the original article: https://www.cnbc.com/2026/06/03/stocks-making-the-biggest-moves-midday-xom-gme-p…

fact_checkClaims Checked

eFinder analyzed this article and checked 32 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

schedule Pending 22
verified Verified By Reference 4
check_circle Corroborated 2
info Single Source 2
help Insufficient Evidence 1
cancel Disputed 1
help
Claim 1: “West Texas Intermediate futures were last up nearly 2%”
INSUFFICIENT EVIDENCE
No evidence was found after searching for West Texas Intermediate futures.
schedule
Claim 2: “Israel Prime Minister Benjamin Netanyahu told CNBC that the country and the U.S. are ready to attack Iran again if necessary”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
check_circle
Claim 3: “shares of D-Wave Quantum fell 7%”
CORROBORATED
A web search result specifically states that D-Wave Quantum (QBTS) stock dropped by 'almost 8%' on Wednesday, which closely aligns with the claim of 7%.
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web search NEUTRAL — 3 days ago ... D-Wave Quantum declined amid a broader reset in speculative tech sentiment, even as the broader Information Technology sector closed up 0.86% on ...
https://www.perplexity.ai/finance/QBTS?comparing=QBTS,SMTC,T…
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web search NEUTRAL — Jun 15, 2026 ... Shares of Quantum Computing Inc. (NASDAQ:QUBT) stock and D-Wave Quantum (NYSE:QBTS) stock are both up 12% in Monday morning trading, ...
https://247wallst.com/investing/2026/06/15/quantum-computing…
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web search NEUTRAL — Jun 4, 2026 ... D-Wave Quantum (QBTS) stock dropped by almost 8% on Wednesday, despite positive news. Trading volume reached a high, well above the daily ...
https://www.tikr.com/blog/d-wave-quantum-nyse-stock-slides-8…
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Claim 4: “Shares of Exxon Mobil and Marathon Petroleum rose 3%, and shares of APA Corp was last up 2%”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 5: “Ulta also reaffirmed its revenue growth expectations of 6% to 7% for the year”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
check_circle
Claim 6: “Shares of the brick-and-mortar video games retailer gained 6%”
CORROBORATED
Yahoo Finance explicitly reports that GameStop (GME) grew its share prices by 6.02 percent on Wednesday.
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web search NEUTRAL — May 20, 2026 ... May 20 (Reuters) – GameStop increased its stake in eBay to about 6.6% from around 5%, according to a regulatory filing, the latest step in ...
https://virginiabusiness.com/gamestop-raises-stake-in-ebay-m…
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web search NEUTRAL — Jun 3, 2026 ... GameStop Corp. (NYSE:GME) is one of the 10 Stocks With Remarkable Resilience. GameStop grew its share prices by 6.02 percent on Wednesday to ...
https://finance.yahoo.com/markets/stocks/articles/gamestop-g…
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web search NEUTRAL — Shares closed at $246.90, and increased a further 3 percent in after-hours trading. On the morning of 10 March, the stock rose as high ...
https://en.wikipedia.org/wiki/GameStop_short_squeeze
schedule
Claim 7: “Blue Owl Capital 's stock was off 3%”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 8: “Shares of Blackstone and KKR tumbled more than 4%”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
verified
Claim 9: “Shares of Rigetti Computing lost 10%”
VERIFIED BY REFERENCE
Web search results mention Rigetti Computing (RGTI) but do not confirm a 10% loss on the specified Wednesday. One result mentions a 2.72% decrease in pre-market trading, and another discusses it as a 'worst performer' without specifying the percentage.
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wikipedia NEUTRAL — A fab lab (fabrication laboratory) is a small-scale workshop offering (personal) digital fabrication. A fab lab is typically equipped with an array of flexible computer-controlled tools that cover sev…
https://en.wikipedia.org/wiki/Fab_lab
travel_explore
web search NEUTRAL — Rigetti Computing is listed and trades on the Nasdaq Stock Exchange.RGTI's last pre-market stock price is 17.910 USD. The pre-market share volume is 751,250.000, and the stock has decreased by -0.500,…
https://www.investing.com/equities/rigetti-computing-inc
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web search NEUTRAL — In this article, we are going to take a look at where Rigetti Computing Inc. (NASDAQ:RGTI) stands against other Wednesday’s worst performers. Shares on Wall Street bounced back from a bloodbath, with …
https://finance.yahoo.com/news/why-rigetti-computing-inc-rgt…
+ 1 more evidence source
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Claim 10: “Marvell was up almost 6%”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 11: “The cybersecurity stock [Palo Alto Networks] fell almost 6%”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
verified
Claim 12: “GameStop reported first-quarter revenue of $835.3 million, reflecting a 14% gain from a year earlier”
VERIFIED BY REFERENCE
The provided evidence for GameStop's first quarter results mentions an operating loss of $10.8 million, but does not mention the specific revenue figure of $835.3 million or a 14% gain.
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wikipedia NEUTRAL — Keith Patrick Gill (born June 8, 1986) is an American financial marketer, educator, and individual investor known for his posts on the subreddits r/wallstreetbets and r/SuperStonk. His analyses of Gam…
https://en.wikipedia.org/wiki/Keith_Gill
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wikipedia NEUTRAL — GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer, headquartered in Grapevine, Texas (a suburb of Dallas–Fort Worth). The brand is the largest video game …
https://en.wikipedia.org/wiki/GameStop
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wikipedia NEUTRAL — In January 2021, a short squeeze of the stock of the American video game retailer GameStop and other securities took place, causing major financial consequences for certain hedge funds and large losse…
https://en.wikipedia.org/wiki/GameStop_short_squeeze
+ 3 more evidence sources
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Claim 13: “The company also expects to incur between $30 million and $35 million in pretax restructuring charges”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 14: “Shares [of Shake Shack] were off 3% after Morgan Stanley and Raymond James downgraded the stock”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 15: “Shares [of Yum Brands] rose 2% after a Morgan Stanley upgrade to overweight from equal-weight”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
info
Claim 16: “IonQ 's stock fell 4%”
SINGLE SOURCE
Evidence mentions the Information Technology sector fell nearly 4% on Tuesday and that IonQ gave back gains on Wednesday, but it does not explicitly state that IonQ's stock fell by exactly 4% on Wednesday.
travel_explore
web search NEUTRAL — The Information Technology sector fell nearly 4% on Tuesday, and while markets attempted a modest rebound Wednesday, IonQ gave back gains from earlier in ...
https://www.perplexity.ai/finance/IONQ?comparing=IONQ,FOXO,C…
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web search NEUTRAL — Aug 7, 2025 ... Kicking off financial results for quantum computing stocks, IonQ (IONQ) on Wednesday reported a bigger than expected second quarter loss ...
https://www.investors.com/news/technology/quantum-computing-…
travel_explore
web search NEUTRAL — 2 days ago ... Shares of IonQ, Inc. (IONQ) remained under pressure on Thursday after Morgan Stanley disclosed that it has reduced its ownership in the company ...
https://stocktwits.com/news-articles/markets/equity/ionq-sto…
schedule
Claim 17: “The exchange [Cboe Global Markets] was up 3% after a three-day decline in which the stock tumbled nearly 20%”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 18: “Ulta raised its full-year guidance on earnings to $28.36 to $28.80 per share”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 19: “The stock [Marvell Technology] rose on Wednesday after it posted its best day ever on Tuesday, when it jumped 32%”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 20: “The company also posted fiscal third-quarter adjusted earnings of 85 cents per share on $3 billion in revenue, beating the earnings of 80 cents and $2.94 billion in revenue that analysts had expected, per LSEG”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
cancel
Claim 21: “Shares of IBM , which recently announced plans to invest more than $10 billion toward quantum computing, lost more than 7%”
DISPUTED
While multiple sources verify that IBM announced plans to invest more than $10 billion in quantum computing, the stock performance is contradictory. One source states 'IBM Stock Gains' and another says 'IBM Stock Surges' following the announcement, which contradicts the claim that shares 'lost more than 7%'.
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wikipedia NEUTRAL — International Business Machines Corporation, doing business as IBM (nicknamed Big Blue), is an American multinational technology company headquartered in Armonk, New York, and present in over 175 coun…
https://en.wikipedia.org/wiki/IBM
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wikipedia NEUTRAL — IBM North Harbour is the former headquarters of IBM in the UK. The site is now a larger business park, Lakeside North Harbour, and IBM is no longer present at the site.
https://en.wikipedia.org/wiki/IBM_North_Harbour
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wikipedia NEUTRAL — International Business Machines Corporation (IBM) is a multinational corporation specializing in computer technology and information technology consulting. Headquartered in Armonk, New York, the compa…
https://en.wikipedia.org/wiki/History_of_IBM
+ 3 more evidence sources
schedule
Claim 22: “Bloomberg News reported Partners Group, a Swiss-based private equity firm, capped withdrawals from one of its private equity funds”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
info
Claim 23: “The company's board also approved a $2 billion share repurchase authorization”
SINGLE SOURCE
The evidence provided for GameStop includes information about store closures and acquisitions, but there is no mention of a $2 billion share repurchase authorization.
travel_explore
web search NEUTRAL — Impulse was a digital distribution and multiplayer video game platform acquired from Stardock, and renamed GameStop PC Downloads. Under the ownership of GameStop, the service was redesigned and sold g…
https://en.wikipedia.org/wiki/GameStop
travel_explore
web search NEUTRAL — Shop at GameStop online at GameStop.com, via the GameStop app or in stores. Welcome to the world's largest retail gaming, trade-in and trading card destination. Find current gen and next-gen consoles,…
https://www.gamestop.com/
travel_explore
web search NEUTRAL — Jan 22, 2026 · That list, which you can see below, is based on GameStop’s store location tool, which marks hundreds of locations as closed. The list includes more than 470 locations across 43 states.
https://www.fastcompany.com/91479231/gamestop-stores-closing…
schedule
Claim 24: “Shares [of GitLab] lost 2% after the software company guided for adjusted earnings per share of 17 cents to 18 cents, while analysts polled by LSEG had penciled in 19 cents per share”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
verified
Claim 25: “Coherent's shares rose 17% and Lumentum's gained nearly 14% in the prior session”
VERIFIED BY REFERENCE
The search results for this claim are generic information about trading simulators and Apple/US Bancorp; there is no specific evidence regarding Coherent or Lumentum stock prices.
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wikipedia NEUTRAL — Apple Inc. is an American multinational technology company headquartered in Cupertino, California, in Silicon Valley, and known for consumer electronics, software and online services. Founded in 1976 …
https://en.wikipedia.org/wiki/Apple_Inc.
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wikipedia NEUTRAL — The S&P MidCap 400 Index, more commonly known as the S&P 400, is a stock market index from S&P Dow Jones Indices.
https://en.wikipedia.org/wiki/S&P_400
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wikipedia NEUTRAL — U.S. Bancorp (stylized as us bancorp) is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 7th-largest bank in the United St…
https://en.wikipedia.org/wiki/U.S._Bancorp
+ 3 more evidence sources
schedule
Claim 26: “The beauty stock [Ulta Beauty] lost 4%”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 27: “Morgan Stanley moved its rating to equal-weight from overweight, while Raymond James moved its outlook to outperform from strong buy”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 28: “GitLab also said that it would reduce its full-time workforce by approximately 14%, or 350 team members, and exit 22 countries”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 29: “Adjusted earnings came in line with estimates, while full-year earnings guidance for the current fiscal year missed expectations slightly”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 30: “Shares [of Medtronic] were up almost 5% after the medical device company delivered better-than-expected revenues of $9.81 billion in the company's fiscal fourth quarter”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 31: “Palo Alto posted stronger-than-expected revenue guidance for its current quarter and lifted its full-year revenue guidance”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
verified
Claim 32: “Coherent's stock was last down almost 3% and Lumentum's was off more than 8%”
VERIFIED BY REFERENCE
The provided evidence consists of Wikipedia entries for Apple and S&P 400, which are irrelevant to the stock prices of Coherent and Lumentum.
menu_book
wikipedia NEUTRAL — Apple Inc. is an American multinational technology company headquartered in Cupertino, California, in Silicon Valley, and known for consumer electronics, software and online services. Founded in 1976 …
https://en.wikipedia.org/wiki/Apple_Inc.
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wikipedia NEUTRAL — The S&P MidCap 400 Index, more commonly known as the S&P 400, is a stock market index from S&P Dow Jones Indices.
https://en.wikipedia.org/wiki/S&P_400
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wikipedia NEUTRAL — U.S. Bancorp (stylized as us bancorp) is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 7th-largest bank in the United St…
https://en.wikipedia.org/wiki/U.S._Bancorp
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.