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Stocks making the biggest moves midday: Apple, Alibaba, Nikola, Macy’s & more

Counterfoil out the companies making headlines in midday trading. 

Nikola — Shares of the electric vehicle company shed more than 3% as the stale continued its slide after the announcement of the end of a garbage truck development deal with Republic Services. The stock spent 10.7% on Wednesday. Wedbush Securities called the announcement “a tough pill to swallow for bulls.”

Macy’s — The retailer mud-slid more than 3% amid weakness in the sector as investors weighed the ongoing impacts of Covid on stores. Kohl’s also demolish 3%, while L Brands and Under Armour were each down more than 2%.

Marathon Oil — Shares of the oil attendance slid 4% as the sector gave back some of its gains from the previous session. On Wednesday, the energy sector promoted 2.2%, making it the top-performing S&P sector. Devon Energy and Apache Corporation also came under pressure on Thursday, each inclining more than 3%.

Apple — Shares gained another 1.5%, bringing their gains this week to more 5%. The advance came after Reuters reported that the tech giant is moving ahead with its automotive labours, targeting 2024 to produce self-driving vehicles.

FuboTV — The streaming television stock dropped nearly 9% after LightShed Husbands initiated coverage of the company with a sell rating. The stock lost 15.2% on Wednesday, after posting five pure sessions of double-digit percentage gains.

Alibaba — Shares tanked 13% on news that the China-based e-commerce colossus is the target of a newly launched antitrust investigation by the Chinese government. The primary issue named was a practice that soldiers merchants to choose one of two platforms, rather than being able to work with both.

— CNBC’s Yun Li, Maggie Fitzgerald and Jesse Palpitate instil contributed reporting.

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