Nikola Motor Company Two trucks
Source: Nikola Motor Company
Check out the companies that hit the headlines in midday trading.
Nikola – The the electric truck maker saw its stock rise more than 16% a day after the company announced on Twitter that Deliveries to the first customer have been completed, signaling that there will be more to come.
Novavax – Vaccine maker Novavax drops 2.3% despite reporting on Wednesday that two-dose treatment Its Covid-19 vaccine demonstrated robust immune responses against the omicron variant. It also indicates that the response to omicrons is lower than that against the original strain and that an extra dose of booster would be helpful.
JD.com – Shares of JD.com fell about 6.4% after Chinese social media company Tencent said it will distribute most of its shares of the Chinese e-commerce giant to shareholders in the form of a dividend of $16.4 billion.
Las Vegas Sands, Wynn – Macau-related casino shares rose on Thursday after the local government released the results of a review of the gaming industry. The review determined that there should be six operators, according to FactSet’s StreetAccount. Shares of Wynn rose 3%, while Las Vegas Sands rose 3.4%. Both stocks are still trading below where they were in mid-September when Macao released its rating.
Repairs Stitch Fix shares rose 5.4% after one of the company’s shareholders, Working Capital Advisors, revealed that it had purchased 3.4 million shares of the company, bringing its total holdings to 10.6 million shares.
Crocs – Crocs stock fell more than 14% after footwear maker announces it will buy private rival Heydude for $2.5 billion in cash and stock. The companies said they expected the deal to close in the first quarter of next year.
Tesla – Tesla shares rose more than 5% after CEO Elon Musk announced he “almost done” sold its shares, after falling in value by more than $15 billion in over a month. At the beginning of the week, he suggested he have complete “enough” to achieve its goal of selling 10% of its shares.
Clinical diagnosis of Ortho, Quidel – Shares of in vitro diagnostics company rose more than 6% on news that Ortho will be acquired by Quidel, a diagnostic technology provider. Cash and stock trades are valued at around $24.68 per share. Shares of Quidel fell about 17%.
Sciplay, Science game – SciPlay, a digital game developer and publisher, has seen its stock drop more than 15% daily after Scientific Games, one of its largest shareholders, withdraw the offer to buy the remaining 19% equity in the company. Meanwhile, shares of Scientific Games rose more than 10%.
Produce mission – Shares of the manufacturing company fell more than 8% after it reported quarterly declines in both earnings and revenue, noting that its results were affected by supply challenges.
– CNBC’s Hannah Miao, Jesse Pound, and Yun Li contributed reporting
