Midday Movers: DiDi Global, Twitter, Spirit and More

2022.06.06 20:20

By Liz Moyer

Investing.com — U.S. stocks are higher on Monday as investors try to turn the mood positive. Here are the midday movers for June 6: 

• DiDi Global Inc ADRs (NYSE:DIDI) surged 37% after a report that Chinese regulators are getting close to completing an investigation into the ride-hailing company, a possible sign the crackdown on the tech sector is easing.
• Twitter Inc (NYSE:TWTR) shares fell 2.4% after Tesla (NASDAQ:TSLA) CEO Elon Musk accused the social media company, which he is trying to buy, of failing to provide him with the information it has on fake accounts.
• Spirit Airlines Inc (NYSE:SAVE) shares jumped 6% after JetBlue Airways Corp (NASDAQ:JBLU) sweetened its takeover bid for the discount airline. JetBlue, which rose 1.2%, is battling Frontier Group Holdings Inc (NASDAQ:ULCC) for Spirit. Shareholders of Spirit are scheduled to meet this week to vote on Frontier’s offer.
• Amazon.com Inc (NASDAQ:AMZN) shares rose 2.3% on the first day its 20-for-1 stock split took effect. The shares, which closed Friday at $2,447, opened around $122 each and were trading around $125 each at midday.
• Keurig Dr Pepper Inc (NASDAQ:KDP) shares rose 5% after S&P Dow Jones Indices said it would be adding the stock to the S&P 500 later in June.
• Eli Lilly and Company (NYSE:LLY) shares rose 1.6% after studies of its diabetes drugs showed positive results. Jardiance demonstrated a lower risk of hospitalization for heart failure, while Trulicity beat the placebo in reducing blood sugar levels. 

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