Midday Movers: Meta Platforms, Bausch Health, Spirit Airlines and More

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Midday Movers: Meta Platforms, Bausch Health, Spirit Airlines and More

By Liz Moyer

Investing.com -- U.S. stocks rose on Thursday, shaking off news that the economy shrank in the second quarter. Here are the midday movers for July 28:

  • Meta Platforms Inc (NASDAQ: META ) stock fell more than 6% after the Facebook parent said online sales slowed and it disappointed on second quarter results .

  • Bausch Health Companies Inc (NYSE: BHC ) shares tumbled 50% and were halted after a judge's order opened the door for a generic competitor to its Xifaxan drug for treating irritable bowel syndrome.
  • Spirit Airlines Inc (NYSE: SAVE ) shares rose nearly 5% after a deal by JetBlue Airways (NASDAQ: JBLU ) to buy it for $3.8 billion, another chapter in a months-long deal drama that ended Wednesday when Spirit terminated a deal with Frontier Group (NASDAQ: ULCC ).
  • Qualcomm Incorporated (NASDAQ: QCOM ) shares fell 4.6%. Revenue beat expectations but the company's outlook was disappointing.
  • Teladoc Inc (NYSE: TDOC ) shares plunged 18% after the remote health care provider had a bigger than expected loss and a $3 billion impairment charge.

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