Bed Bath & Beyond, Digital World Acquisition, Nikola, And Other Stocks Making Big Moves Midday

‍Bed Bath & Beyond

It has been reported that the company's stock price fell 22.8% in Friday's session. In the past week, the retailer's shares have lost nearly 40% of their value since Thursday when the retailer warned that if its proposed $300 million stock offering fails it would be forced to file for bankruptcy protection.

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Digital World Acquisition

On Thursday, a grand jury in New York indicted former President Donald Trump on charges relating to payments he made before his 2016 campaign for the presidency in exchange for hush money. SPAC shares were up 6.3% on Thursday.

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Nikola

In the wake of Nikola's announcement that a $100 million secondary stock offering would take place in the next few months, shares plunged 11% after the electric-truck maker announced its intention to do so.

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Virgin Orbit

In the wake of an announcement that it will cease operations ‘for the foreseeable future’ and lay off roughly 90% of its personnel, the satellite launch services provider dived 32% in just three days.

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BlackBerry

During the fourth quarter of 2010, BlackBerry's profitable per-share earnings and adjusted EBITDA loss were much smaller than the losses projected by StreetAccount analysts, which resulted in a 16% rise in the stock price. The revenue, on the other hand, fell short of expectations.

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Regional banks 

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Regional bank stocks, which are closely followed by the SPDR S&P Regional Banking ETF (KRE), led the index with a 21.5% jump, while it was Metropolitan Bank that led the index with a 21.5% rise. In the next two stocks, PacWest and Popular, both of which gained more than 3% each, PacWest and Popular were the best performers. In contrast, Zions, our worst performer in the group with a loss of 1.6%, was the worst performer of the group.

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Ventas

After announcing it would take ownership of collateral for a nearly half-billion dollar loan, the real estate investment firm's stock fell 2.5% after announcing that it would take ownership of it.

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Generac Holdings

Generac shares tumbled 2.5% after the firm downgraded the battery backup company to underperform neutral from its previous rating of neutral, saying that the company may not be able to meet its fiscal year 2023 projections.

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Alphabet

In response to a Piper Sandler research report, the stock gained 1.5% after the firm reiterated its overweight rating on the stock. It added that while Google has an undeniable market share, artificial intelligence could hurt search revenues.

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Restaurant Brands

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TD Cowen upgraded Burger King's parent company to outperform market performance, saying it was optimistic about the company's new CEO and chairman and the company's ability to turn around its business.

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elf Beauty

It was reported earlier this week that Morgan Stanley upgraded the stock to overweight after it expressed strong sentiment regarding the company's near- and long-term growth prospects, adding it can have a 20% upside. Shares of the cosmetic company jumped after Morgan Stanley reaffirmed its overweight rating on the stock.

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Mercadolibre

A Morgan Stanley report announced the company is a top pick, boosting its stock by 4%. The firm said it anticipates multiple growth drivers for the company in the next few years.