Take a look at the businesses making headlines in noon buying and selling. GameStop — GameStop shed practically 15% after the online game retailer reported decrease fourth-quarter income from a 12 months in the past. The corporate additionally stated it axed an unspecified variety of roles to trim prices. Merck — Merck jumped 4% after the Meals and Drug Administration on Tuesday authorised its drug to deal with a life-threatening lung situation. Carnival — Shares slipped 2% after the cruise operator reported first-quarter income of $5.41 billion, beneath the $5.43 billion anticipated from analysts polled by LSEG. Nevertheless, Carnival reported an adjusted 14 cents loss per share, higher than the 18 cent loss analysts had anticipated. Full-year steering was in-line with estimates. Cintas — Shares jumped 10% after the corporate posted better-than-expected quarterly outcomes for the fiscal third quarter. Gross margins additionally elevated 14.9% 12 months over 12 months. Cintas additionally raised its full-year earnings and income steering. Reddit — The social media inventory slumped 13%. Reddit shares s urged 9% on Tuesday , constructing on its post-IPO rally after debuting on the New York Inventory Trade final week. Marvell Know-how — Marvell Know-how gained 5% after Citi opened a constructive catalyst watch on the semiconductor inventory, saying that purchasing chips tocks forward of their AI shows has paid off. Robinhood — Shares of the brokerage agency rose greater than 2% after a brand new product announcement. The most important new addition is the Robinhood Gold Card, a bank card with excessive money again rewards that may be deposited right into a buyer’s brokerage account. Deutsche Financial institution — Shares popped 3.4% on the again of a Morgan Stanley improve to obese. Morgan Stanley stated the German Financial institution can add to the notable positive factors already seen this 12 months. Basic Electrical — Basic Electrical added 3% after Wells Fargo reiterated its obese ranking on the inventory and lifted its worth goal to $200. Wells Fargo cited value cuts as a possible boon to shares. Concentrix — Shares gained 5% after the shopper expertise expertise platform reported first-quarter income that topped estimates, and reaffirmed its steering for the 12 months ending November. Concentrix posted income of $2.40 billion within the first quarter, higher than the FactSet consensus estimate of $2.38 billion. Coinbase – Shares fell greater than 2% after a decide dominated the Securities and Trade Fee’s assertion that Coinbase operates as an change might be heard by a jury at trial. The SEC sued Coinbase over this in June. The corporate later moved to have that lawsuit dismissed. Moderna — The pharmaceutical inventory rose 1.5% after saying that it transitioned three vaccines into final-stage trials. Trump Media & Know-how Group — Shares of former President Donald Trump’s social media agency and Fact Social father or mother firm soared greater than 16%, including to their sturdy positive factors from their debut beneath the DJT ticker on Tuesday. nCino — The cloud inventory popped 17% on better-than-expected fourth-quarter earnings. The corporate additionally reported a 13% leap in income from the year-earlier interval. — CNBC’s Alex Harring, Hakyung Kim, Michelle Fox, Tanaya Macheel, Jesse Pound, Brian Evans and Sarah Min contributed reporting