Midday Movers: Discover Financial, AT&T, Tesla and More

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Midday Movers: Discover Financial, AT&T, Tesla and More
Credit: © Reuters.

By Liz Moyer

Investing.com -- U.S. stocks edged higher in volatile trading on Thursday as more earnings roll out. Here are the midday movers for July 21:

  • Discover Financial Services (NYSE: DFS ) shares fell 9.4% after the card company said it would suspend buybacks amid an investigation into its student loan servicing practices. 

  • AT&T Inc (NYSE: T ) shares fell 7.2% after the telecommunications giant said customers were starting to pay their bills a few days later than usual, hitting its cash flow by $1 billion in the quarter.

  • Tesla Inc (NASDAQ: TSLA ) shares rose 9.4% after the electric vehicle maker beat expectations and said it sold about 75% of its Bitcoin holdings.
  • American Airlines Group (NASDAQ: AAL ) shares fell 7.9% after it said it would hold back on capacity in the third quarter despite strong travel demand amid higher ticket prices. United Airlines Holdings Inc (NASDAQ: UAL ) shares fell 9.6% after it also said it would rein in capacity growth plans, citing ongoing system-wide operational issues.

  • Amazon.com Inc (NASDAQ: AMZN ) shares rose 1% after the e-commerce giant said it would buy One Medical, which provides primary healthcare services, for $3.9 billion.

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