Check out the companies that are making headlines in the dinner trade.
Nikola – Electric vehicle shares shed more than 3% as the stock continued its move following the announcement of the termination of a waste development agreement with Republic Services. The stock lost 10.7% on Wednesday. Wedbush Securities called the announcement “a hard pill to swallow for bulls.”
Macy’s – The retailer slipped more than 3% below weakness in the sector as investors weighed Covid’s ongoing impact on stores. Kohls also fell by 3%, while L marks and Under armor was each down more than 2%.
Marathon oil – The oil company’s shares slipped 4% as the sector returned some of its gains from the previous session. Wednesday, the energy sector advanced 2.2%, making it the best possible S&P sector. Devon Energy and Apache Corporation also came under pressure on Thursday, where each fell more than 3%.
Apple Shares rose a further 1.5%, bringing their gains this week to almost 5%. The advance came after Reuters reported that the technology giant is moving forward with its car insert, which is targeted at 2024 to produce self-propelled vehicles.
FuboTV – Streaming TV shares fell nearly 9% after LightShed Partners began covering the company with a sales rating. The stock lost 15.2% on Wednesday after posting five straight sessions with double-digit percentage gains.
Alibaba Shares refueled 13% on news that the Chinese-based e-commerce giant is the one Goal of a newly launched antitrust investigation conducted by the Chinese government. The primary issue mentioned was a practice that forces merchants to choose one of two platforms, rather than being able to work with both.
– CNBC’s Yun Li, Maggie Fitzgerald and Jesse Pound contributed reporting.
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