Midday Movers: Twitter, Spirit, Wynn and More
2022.07.12 01:55
Budrigannews.com — U.S. stocks fell on Monday ahead of the start of earnings season. Here are the midday movers for July 11:
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Twitter Inc (NYSE:TWTR) shares fell 9% days after Elon Musk said he would abandon his $44 billion offer, though the company is gearing up to fight over that. The share price, around $33.34, is well below Musk’s $54.30 a share offer.
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Spirit Airlines Inc (NYSE:SAVE) shares fell 1.4% after Frontier Group said it had made its last and best offer as Spirit shareholders continue to face bids from both Frontier (NASDAQ:ULCC) and JetBlue (NASDAQ:JBLU).
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Wynn Resorts Limited (NASDAQ:WYNN) stock fell 8% after China moved to shut down more cities to prevent the spread of Covid-19, including the casinos in its gaming capital.
- Meta Platforms Inc (NASDAQ:META) stock dropped 4% after Needham analysts downgraded the stock to sell from neutral.
- Alibaba Group Holdings Ltd ADR (NYSE:BABA) shares fell 8.5% after Chinese regulators fined it for deal disclosure violations.
