Midday Stock Movers: Twitter, Tesla, Hertz Rally, DWAC Continues Decline
2022.04.04 19:20
By Sam Boughedda
Investing.com — U.S. Indices are up midday Monday, with the Nasdaq the biggest winner at +1.45% Monday, April 4th.
Twitter (NYSE:TWTR) has surged Monday, trading 25% higher midday after a regulatory filing revealed Tesla CEO Elon Musk has a 9.2% stake in the company, worth almost $3 billion.
Tesla (NASDAQ:TSLA) itself is up 4.5% after the company reported deliveries of 310,000 vehicles in Q1. While it missed consensus estimates, some analysts believe Street estimates didn’t take into account the impact of the Covid related lockdown in Shanghai.
Acer Therapeutics (NASDAQ:ACER) revealed that the U.S. Food and Drug Administration (FDA) has granted celiprolol Breakthrough Therapy designation in the U.S. to treat patients with COL3A1-positive vascular Ehlers-Danlos syndrome.
Hertz Global (NASDAQ:HTZ) stock has risen 10% after the car rental giant agreed on a five-year deal to buy 65,000 vehicles from Polestar to expand its electric cars lineup.
Digital World Acquisition Corp (NASDAQ:DWAC), the SPAC bringing former President Donald Trump’s social media platform public, has fallen a further 14% Monday after being hit by the exit of two tech executives.
Curis Inc (NASDAQ:CRIS) has plunged 38.3% after the U.S. Food and Drug Administration (FDA) placed a partial clinical hold on the company’s TakeAim Leukemia Phase 1/2a study.
