Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Midday Movers: Upstart, Spirit, GameStop and More

Published 07/09/2022, 01:54 AM
© Reuters
AMZN
-
COST
-
GME
-
SAVEQ
-
UPST
-
ULCC
-

By Liz Moyer

Investing.com -- U.S. stocks lost steam after Friday's job's report showed more jobs were added than expected in June. Here are the midday movers for July 8:

  • Upstart Holdings Inc (NASDAQ:UPST), the lender that uses artificial intelligence, fell 20% after it warned it wouldn't meet already lowered profit forecasts for the second quarter.

  • Spirit Airlines Inc (NYSE:SAVE) rose 4% after the company postponed another vote on its pending deal to merge with Frontier Group (NASDAQ:ULCC).

  • GameStop Corp (NYSE:GME) shares fell 4.4% a day after the company replaced its chief financial officer and announced plans for layoffs.

  • Costco Wholesale Corp (NASDAQ:COST) shares rose 1% after the warehouse retailer announced a gain in June sales, thanks mostly to higher gas prices.
  • Amazon.com Inc (NASDAQ:AMZN) shares fell 0.8% ahead of the e-commerce giant's Prime Day sale that starts next week.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.