Midday Movers: Twitter, American Airlines, Gap and More

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Midday Movers: Twitter, American Airlines, Gap and More
Credit: © Reuters.

By Liz Moyer

Investing.com -- U.S. stocks fell on Tuesday ahead of the start of earnings season. Here are the midday movers for July 12:

  • Twitter Inc (NYSE: TWTR ) shares rose 4% after the social media company's lawyers said the $44 billion take-private deal with Elon Musk is still on, despite Musk's attempt to walk away. Analysts expect the company to officially file a suit in Delaware court this week.

  • American Airlines Group (NASDAQ: AAL ) shares jumped 11% after the carrier said its second-quarter revenue would be above pre-pandemic levels, a welcome tune to the airline industry as it tries to juggle traffic demand, staffing shortages and rising costs.

  • Gap Inc (NYSE: GPS ) shares fell 3% a day after it said its CEO would step down after two years on the job. Gap, like other retailers, has been struggling to regain footing amid shifting consumer shopping habits and demand for more formal clothing options.

  • Boeing Co (NYSE: BA ) shares jumped 8% after the aircraft maker said its deliveries were the highest for a month since March 2019.
  • PepsiCo Inc (NASDAQ: PEP ) shares rose 0.4% after the snack and beverage giant reported upbeat guidance for the full year.

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