Midday Movers: Upstart, Spirit, GameStop and More

2022.07.08 22:36

By Liz Moyer

Investing.com — U.S. stocks lost steam after Friday’s job’s report showed more jobs were added than expected in June. Here are the midday movers for July 8:

• Upstart Holdings Inc (NASDAQ:UPST), the lender that uses artificial intelligence, fell 20% after it warned it wouldn’t meet already lowered profit forecasts for the second quarter.

• Spirit Airlines Inc (NYSE:SAVE) rose 4% after the company postponed another vote on its pending deal to merge with Frontier Group (NASDAQ:ULCC).

• GameStop Corp (NYSE:GME) shares fell 4.4% a day after the company replaced its chief financial officer and announced plans for layoffs.

• Costco Wholesale Corp (NASDAQ:COST) shares rose 1% after the warehouse retailer announced a gain in June sales, thanks mostly to higher gas prices.
• Amazon.com Inc (NASDAQ:AMZN) shares fell 0.8% ahead of the e-commerce giant’s Prime Day sale that starts next week.

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