Midday Movers: Twitter, Delta Air, Novavax and More
2022.07.13 20:41
By Liz Moyer
Investing.com — U.S. stocks wobbled on Wednesday after a higher-than-expected reading on June inflation. Here are the midday movers for July 13:
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Twitter Inc (NYSE:TWTR) shares jumped 8% after the social media company’s lawyers officially filed a lawsuit in Delaware Chancery Court, asking for the $44 billion deal Elon Musk agreed to in April to be abided, despite Musk’s attempt to walk away.
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Delta Air Lines Inc (NYSE:DAL) stock fell more than 5% after the carrier reported mixed results, but did say revenue was above expectations. Travel demand is not going away but the airline is grappling with rising costs that are crimping margins.
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Novavax Inc (NASDAQ:NVAX) shares rose 0.5% after a report by Politico that the vaccine maker could get approval from the Food and Drug Administration for its Covid vaccine. The U.S. placed an order for 3.2 million doses of the vaccine.
- Unity Software Inc (NYSE:U) tumbled nearly 17% after it announced a $4.4 billion merger with fellow software company ironSource (NYSE:IS).
- JPMorgan Chase & Co (NYSE:JPM) shares ticked 0.5% lower ahead of second-quarter earnings on Thursday. While big lenders benefit from rising interest rates, the bank could show weakness in investment banking and deal advisory activity, and a looming recession could be bad news for consumer credit trends.
