Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Midday Stock Movers: Uber, Nikola Gain, KB Home Slides

Published 24/03/2022, 16:02
Updated 24/03/2022, 16:02
© Reuters

© Reuters

By Sam Boughedda

Investing.com -- U.S. indices are up again Thursday, with the Nasdaq and S&P 500 at +0.8% and the Dow at +0.6%. Here are the midday movers on Thursday, March 24th.

Emclaire Financial Corp. (NASDAQ:EMCF) surged 38% on news it has entered into a merger agreement with Farmers National Banc Corp.

Uber Technologies, Inc. (NYSE:UBER) is up 5% after it struck a deal to list all licensed New York City taxicabs on its app. The move marks a significant shift from Uber's previous policy but comes as it struggles with driver availability.

Nikola Corp. (NASDAQ:NKLA) is trading 6.9% higher around midday, down from the initial 15% gain, after revealing that production of its electric truck began last week at its Coolidge, Arizona factory.

KB Home (NYSE:KBH) is down 3.6% after reporting earnings that missed earnings per share and revenue expectations after the close Wednesday. The company pointed to supply and labor issues.

Hello Group Inc. (NASDAQ:MOMO) shares are trading 9.7% below Wednesday's close after the company reported earnings below analyst expectations. Revenue did, however, beat forecasts.

Vicinity Motor Corp. (NASDAQ:VEV) has plunged 27% on the announcement of a $12 million registered direct offering. The company intends to use the proceeds to complete the Ferndale, Washington manufacturing facility.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.