A JetBlue Airways Corp. level departs astatine Reagan National Airport (DCA) successful Arlington, Virginia, U.S., connected Monday, April 6, 2020.
Andrew Harrer | Bloomberg | Getty Images
Check retired the companies making the biggest moves midday:
JetBlue Airways — Shares of JetBlue Airways shed 7.18%. On Wednesday, the institution announced it would cease its confederation with American Airlines successful the northeastern U.S. aft a national justice ordered an extremity to the concern successful May. JetBlue said it volition alternatively absorption connected its acquisition of Spirit Airlines. American shares mislaid 2.4%, portion Spirit added 1.08%.
Affirm — Shares of the point-of-sale lender slid 10.57% aft Piper Sandler downgraded Affirm to underweight from neutral. Higher involvement rates and the resumption of pupil indebtedness payments could wounded the banal successful the months ahead, Piper Sandler said.
Sweetgreen — The crockery concatenation jumped 15.49% pursuing an upgrade to bargain from neutral by Bank of America. The steadfast said accrued ft traffic, sustained maturation of in-store income and semipermanent automation plans should each assistance the stock.
Ford Motor — The automaker's banal dropped 2.4%, contempt Ford reporting a 9.9% second-quarter income increase from a twelvemonth earlier. Sales of its F-Series trucks jumped 34% compared to the anterior year. However, its electrical conveyance income declined 2.8%.
Keurig Dr Pepper — Shares gained 1.42% pursuing an upgrade by Morgan Stanley to overweight from adjacent weight. The steadfast said the stock's valuation was excessively debased amid highly disposable refreshment beverage trends.
Bank of America — The slope banal dropped 2.75%. Bank of America announced aft the doorbell Wednesday it was expanding its quarterly dividend to 24 cents per stock from 22 cents. The summation of astir 9% puts the bank's dividend output astatine astir 3.3%, based connected Wednesday's closing price.
Genius Sports — Shares soared 25.65% aft the institution announced it came to an agreement with the National Football League to a multi-year extension of their existing strategical partnership. Genius volition stay the NFL's exclusive distributor of real-time statistics.
Moderna — The pharma banal fell 4.25%. On Wednesday, Moderna announced a deal to make mRNA drugs successful China, contempt rising tensions betwixt the U.S. and China.
— CNBC's Samantha Subin, Alex Harring and Jesse Pound contributed reporting.