Stocks making the biggest moves midday: Chewy, GameStop, Boeing, Norwegian Cruise Line and more

Here’s a quick roundup of the corporate headlines that are making waves in the midday trading scene:

Chewy and GameStop are both down by 6%, possibly influenced by Keith Gill’s recent purchase of a 6.6% stake, or nine million shares, in Chewy. The meme-stock trader, also known as “Roaring Kitty,” has not made it clear whether he sold his shares in GameStop to facilitate this purchase.

In other news, Boeing has announced a plan to repurchase Spirit AeroSystems in an all-stock transaction valued at $4.7 billion. This announcement has prompted both stocks to climb by over 3%.

Trump Media & Technology Group has seen a 3% increase in shares, a welcome change after a turbulent session following the first presidential debate.

Birkenstock shares are up by 1% following a recent UBS upgrade from neutral to buy. The shoe manufacturer has been performing well, with higher average sale prices and promising growth in Asia.

Nio, the Chinese EV manufacturer, has seen a 6% increase in shares after reporting that vehicle deliveries doubled in June. Meanwhile, Tesla also saw a significant bump of 6% in stock prices. Its second-quarter delivery numbers are expected to be announced soon.

Floor & Decor Holdings’ shares fell by 3% after a report published by Spruce Point Capital Management raised significant concerns about the management and financial reporting accuracy.

Renewable energy company, NextEra Energy Partners, took a hit of 5% after receiving a downgrade from the Royal Bank of Canada.

In the cruise industry, the arrival of Hurricane Beryl caused share prices to tumble—Norwegian Cruise Line and Carnival were down 6% or more, while Royal Caribbean slid 2.7%.

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Stocks making the biggest moves midday: Chewy, GameStop, Boeing, Norwegian Cruise Line and more

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