Midday Stock Movers: Rite Aid, Levi Strauss Tumble, Momentus Surges
2022.04.07 19:16
By Sam Boughedda
Investing.com — U.S. stock indices are down further Thursday, with the biggest loser so far being the Nasdaq, which has fallen 0.91%. Here are the midday movers on Thursday, April 7th.
Rite Aid Corporation (NYSE:RAD) stocks tumbled 25% after Deutsche Bank downgraded its shares to Sell from Hold, as Covid “hastened the decline” of the retail pharmacy segment.
HP Inc (NYSE:HPQ) is up 15% after it was revealed that Warren Buffett’s Berkshire Hathaway (NYSE:BRKa) owns an 11.4% stake in the company after buying shares worth approximately $4.2 billion.
SoFi Technologies Inc (NASDAQ:SOFI) plunged 11.6% after cutting its full-year outlook due to the US Government announcing a student loan payment moratorium extension.
Levi Strauss & Co (NYSE:LEVI) stock is down 5.26% midday after an initial rise following Wednesday evening’s earnings report in which it revealed better than expected first-quarter earnings.
Momentus Inc (NASDAQ:MNTS) shares are surging, currently up 48% after it signed a launch services agreement with SpaceX.
Pfizer Inc (NYSE:PFE) announced the $525 million acquisition of ReViral on Thursday. Its share price has increased 2.6% following the news.
