Apple, GM, Qualcomm By Investing.com



By Sam Boughedda

Investing.com — U.S. indices are down midday Friday, with all three major indexes around 0.2% in the red. Here are the midday movers on Friday, April 1st.

After jumping 16% premarket, GameStop Corp (NYSE:) shares are now up just 2.77% on news of its aim for shareholder approval to increase the number of shares outstanding to allow a stock split.

Shares of Chinese electric vehicle companies are trading sharply higher Friday after they all reported positive sales numbers in March. Xpeng (NYSE:) shares are currently up 5.1%, ADRs of rival Nio (NYSE:) are trading 6.1% higher, while Li Auto (NASDAQ:) has also risen 6%.

Longeveron (NASDAQ:) has continued the previous session’s surge, which saw its shares more than double. The stock currently trades 9% higher after it reported strong results from a Phase 1 trial testing of Lomecel-B on mild Alzheimer’s disease patients.

General Motors Company (NYSE:) shares have fallen 2.2% after its first-quarter U.S. sales declined 20% compared to the previous year, with supply-chain issues impacting production and keeping dealer inventories tight.

BlackBerry (NYSE:) has plunged 11.8% despite reporting earnings that beat analyst expectations. The company revealed an unexpected profit, but revenue fell below forecasts. Guidance also disappointed.

Qualcomm (NASDAQ:) is down 5.2% midday after J.P. Morgan cut the stock from its “Focus List.” They also cut Apple (NASDAQ:) from the list, resulting in the tech giant falling 1.2%.

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