PSFE - Hot Stocks: AMC gives up early gains; PSFE ROST rally on earnings news; FSLR declines

Stocks showed gains in Wednesday's midday action, with the S&P 500 up about 1.7%, bouncing back from the previous day's decline. Even with the upward bias, meme-stock darling AMC (NYSE:AMC) had trouble holding its post-earnings pop, slipping into negative territory despite better-than-expected results. First Solar (NASDAQ:FSLR) also got left out of the general midday advance, with the stock posting a double-digit percentage decline in the wake of weak guidance included in its quarterly update. Meanwhile, Paysafe (NYSE:PSFE) and Ross Stores (NASDAQ:ROST) saw strength following their respective earnings releases. Decliners AMC (AMC) had turned lower by midday trading, reversing an early spike that took place in the immediate release of its earnings report. The movie theater chain and meme-stock favorite reported a quarterly loss that came in narrower than expected and the firm reported positive cash flow, with adjusted EBITDA coming in at a profit of $159M. AMC rallied in Tuesday's

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Hot Stocks: AMC gives up early gains; PSFE, ROST rally on earnings news; FSLR declines