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Midday Stock Movers: Tesla, Twitter and GE

Published 04/26/2022, 11:50 AM
Updated 04/26/2022, 11:54 AM
© Reuters.

© Reuters.

By Sam Boughedda

Investing.com -- U.S. stocks are on the slide Tuesday, with the Nasdaq leading the charge, falling over 3%. Here are the midday movers on Tuesday, April 26th. 

Tesla Inc (NASDAQ:TSLA) shares are down 9.5% around midday following news that its CEO Elon Musk will acquire Twitter for $54.20 per share in cash.

Twitter Inc (NYSE:TWTR), on the other hand, is down 2.9% following the news of its acquisition and the broader tech stocks sell-off Tuesday.

General Electric Company (NYSE:GE) has plunged 12% despite topping earnings and revenue estimates. The company, however, said it sees inflation and supply chain challenges.

United Parcel Service (NYSE:UPS) stock is 4.4% below Monday's close despite beating earnings and revenue estimates. The shipping and logistics giant initially rose following the report.

Sherwin-Williams Co (NYSE:SHW) is up 8.4% after beating earnings and revenue forecasts and stating it believes it is "through the worst of the industry supply chain challenges."

Valero Energy Corporation (NYSE:VLO) is up 5.31% after the refiner reported a Q1 profit. The company benefitted from a strong refining margin and higher demand for fuel and refined products.

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