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Twitter, Poshmark, Rivian, etc.

A Poshmark Inc. sign outside the Nasdaq MarketSite during the company’s initial public offering (IPO) in New York, USA, Thursday, January 14, 2021.

Michael Nagle | Bloomberg | Bloomberg | Getty Images

Check out the companies in the spotlight on the midday deal.

twitter — Twitter’s stock surged nearly 13% after reports that Elon Musk was planning to buy the company in 2018. $54.20 per share, originally agreed priceTrading in the company’s stock was halted until news broke around noon Tuesday.

Rivian — The electric car maker’s shares surged 13% after the company announced a third-quarter production surge on Monday. 67% compared to the previous quarter. The company is on track to meet the production targets it set in March after halving previous estimates due to problems with its global supply chain.

Poshmark — The online retailer’s shares surged more than 13% at noon after the company struck a deal with South Korean internet giant Naver Planned acquisition for approximately $1.2 billionThe merger could help Naver deepen its reach in online retail and allow Poshmark to expand internationally.

Illumina — Biotech stock surges more than 9% after SVB Securities upgrades Illumina to better than market performance, citing potential for new sequencing innovation called NovaSeq X-series to rise in 2024 and beyond did. According to FactSet’s StreetAccount.

Travel stocks — Airline and cruise stocks surged on Tuesday and were among the leaders in the S&P 500. These stocks are volatile and sensitive to large fluctuations across the market. Norwegian Cruise lines are up 13%. Royal Caribbean When carnival increased by 12% and 11% respectively. delta airlines When american airlines More than 8% progress each.

Gilead Sciences — Biopharmaceutical stocks are up 4% after JPMorgan Chase. Upgraded Gilead Sciences to Overweight. The bank said investors were underestimating its growth potential and the stock could rise nearly 30%.

domino pizza — The pizza chain’s share price rose more than 4% after UBS was introduced Upgraded stock to buy from neutralDemand for Domino’s Pizza should remain strong even if consumer spending overall weakens, investment firms said.

credit suisse — Credit Suisse shares surged more than 10% after whiplash in trading on Monday after reports over the weekend that the bank was assuring major investors of financial health amid concerns Did.

Tesla — Shares of electric car maker Tesla rose 2% on Tuesday, rebounding from a plunge in Monday’s session after reporting disappointing third-quarter shipments. Tesla shares fell 8% on Monday, their biggest drop since June 3.

Rocket Pharmaceutical — Rocket Pharmaceuticals stock surged more than 12% after its acquisition. Announces plans for $100 million public offeringThe plan provides the underwriter with a 30-day opportunity to purchase additional shares worth up to $15 million.

general motors — Shares of automaker General Motors rose 7% after the company announced a sale. Up 24% in the third quarter, Recovery from 2021 when supply chain issues hampered production.

ford motor — Detroit automakers are up 6% after reporting. Third quarter sales increased 16% year-over-year, despite lower-than-expected sales in September. Ford said demand for new vehicles “remains strong.”

— CNBC’s Michelle Fox, Alex Haring, Tanaya Machel, Sarah Min, Jessie Pound and Samantha Soobin contributed to the report.

https://www.cnbc.com/2022/10/04/stocks-making-the-biggest-moves-midday-twitter-poshmark-rivian-and-more.html Twitter, Poshmark, Rivian, etc.

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