© Reuters.
By Sam Boughedda
Investing.com — U.S. stock indices are down once again Wednesday, with the decreasing 2.4% and the declining 1.22%. Here are the midday movers on Wednesday, April 6th.
Mullen Automotive Inc (NASDAQ:) is down 4.6% after Hindenburg Research released a short report on the company, claiming it is “yet another fast talking EV hustle.”
Stryker Corporation (NYSE:) is trading 2.94% lower midday following a short report from Spruce Point Capital highlighting the company’s debt and the fact it has just $1.5 billion of unrestricted cash.
Gogo Inc (NASDAQ:) is up 11.33% on the news it will replace SPX FLOW Inc (NYSE:) in the S&P SmallCap 600 before the open on Friday.
Despite missing analyst expectations, Tilray Inc (NASDAQ:) reported a profit, sending its shares higher. The stock is trading 12.4% higher midday.
Spirit Airlines (NYSE:) shares have regained some of the initial losses from earlier in the session, but still trade 1.5% lower after Tuesday’s surge, which followed news of a bid from JetBlue.
On the other hand, JetBlue Airways (NASDAQ:) has fallen more sharply by 5.76%. When confirming its offer for Spirit, JetBlue said its bid is the “most attractive opportunity” for Spirit investors.
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