Midday Stock Movers: Rite Aid, Levi Strauss Tumble, Momentus Surges

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Midday Stock Movers: Rite Aid, Levi Strauss Tumble, Momentus Surges
Credit: © Reuters.

By Sam Boughedda

Investing.com -- U.S. stock indices are down further Thursday, with the biggest loser so far being the Nasdaq , which has fallen 0.91%. Here are the midday movers on Thursday, April 7th.

Rite Aid Corporation (NYSE: RAD ) stocks tumbled 25% after Deutsche Bank downgraded its shares to Sell from Hold, as Covid "hastened the decline" of the retail pharmacy segment.

HP Inc (NYSE: HPQ ) is up 15% after it was revealed that Warren Buffett’s Berkshire Hathaway (NYSE: BRKa ) owns an 11.4% stake in the company after buying shares worth approximately $4.2 billion.

SoFi Technologies Inc (NASDAQ: SOFI ) plunged 11.6% after cutting its full-year outlook due to the US Government announcing a student loan payment moratorium extension.

Levi Strauss & Co (NYSE: LEVI ) stock is down 5.26% midday after an initial rise following Wednesday evening's earnings report in which it revealed better than expected first-quarter earnings.

Momentus Inc (NASDAQ: MNTS ) shares are surging, currently up 48% after it signed a launch services agreement with SpaceX.

Pfizer Inc (NYSE: PFE ) announced the $525 million acquisition of ReViral on Thursday. Its share price has increased 2.6% following the news.

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