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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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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.