By Sam Boughedda
Investing.com -- U.S. indices are down midday Friday, with all three major indexes around 0.2% in the red. Here are the midday movers on Friday, April 1st.
After jumping 16% premarket, GameStop Corp (NYSE:GME) shares are now up just 2.77% on news of its aim for shareholder approval to increase the number of shares outstanding to allow a stock split.
Shares of Chinese electric vehicle companies are trading sharply higher Friday after they all reported positive sales numbers in March. Xpeng (NYSE:XPEV) shares are currently up 5.1%, ADRs of rival Nio (NYSE:NIO) are trading 6.1% higher, while Li Auto (NASDAQ:LI) has also risen 6%.
Longeveron (NASDAQ:LGVN) has continued the previous session's surge, which saw its shares more than double. The stock currently trades 9% higher after it reported strong results from a Phase 1 trial testing of Lomecel-B on mild Alzheimer’s disease patients.
General Motors Company (NYSE:GM) shares have fallen 2.2% after its first-quarter U.S. sales declined 20% compared to the previous year, with supply-chain issues impacting production and keeping dealer inventories tight.
BlackBerry (NYSE:BB) has plunged 11.8% despite reporting earnings that beat analyst expectations. The company revealed an unexpected profit, but revenue fell below forecasts. Guidance also disappointed.
Qualcomm (NASDAQ:QCOM) is down 5.2% midday after J.P. Morgan cut the stock from its "Focus List." They also cut Apple (NASDAQ:AAPL) from the list, resulting in the tech giant falling 1.2%.