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Check out the companies in the spotlight on the midday deal.
Tesla – Electric vehicle shares are up more than 3% after being sold in 10 of the last 11 trading sessions. Baird also lowered its price target on the stock to $252 from $316.
Southwest Airlines – Airline shares fell 2.5% as they continued to run shortened schedules. Southwest Airlines canceled 60% of its scheduled flights on Wednesday, while rival airlines Limited fares to help stranded travelers.
AMC Entertainment – AMC Entertainment’s stock fell about 3% after a day CEO Adam Aron tweeted that he asked the company’s board of directors. It has frozen salaries for 2023 and urged other executives to refrain from raising salaries.
Generak — Equipment makers are up 5% following the start of purchases of Janie Montgomery Scott. The company has set a price target of $160. That means he’s up 75.5% since Tuesday’s close.
Nio — Shares of electric car makers fell 2%. That’s based on Tuesday’s 8% slide after announcing fourth-quarter production cuts due to the Covid outbreak.
Energy Stocks – A range of energy companies fell as oil and gas prices fell. EQT fell more than 6%, APA 3.6% decrease, cotera 3.5% decrease. These three stocks made him one of the S&P 500’s biggest losers in intraday trading.
maxion — Stocks fell 8% after the solar company announced that Bill Mulligan would become its new CEO. Previously, he was the Chief Operating Officer of Sila Nanotechnologies.
apple — Stocks of tech giants fell 1.5%. The stock has fallen for the past three days, hitting a 52-week low on Wednesday.
IDEAYABioscience — IDEAYA added nearly 5% following the start of an overweight from Capital One Securities. The company has set a price target of $29. That’s up 75.4% for him over Tuesday’s close.
Kara Pharmaceutical — The biopharmaceutical company experienced rapid growth of more than 200% after the Food and Drug Administration approved an investigational New Drug Application as a potential treatment for persistent corneal epithelial defects.
— CNBC’s Samantha Subin, Tanaya Macheel, and Sarah Min contributed to the report
