Midday movers: Rivian Automotive, PayPal, Airbus and more

  • Investing.com
  • Stock Market News
Midday movers: Rivian Automotive, PayPal, Airbus and more
Credit: © Reuters.

Investing.com -- Stocks are falling after stronger-than-expected data on housing stoked fresh fears about interest rates. Here are the market movers for June 20.

  • Rivian Automotive Inc (NASDAQ: RIVN ) shares are up 5% after the electric vehicle maker became the latest car company to adopt Tesla's technology standard for charging. Tesla Inc (NASDAQ: TSLA ) shares were up 3.6%.
  • PayPal Holdings Inc (NASDAQ: PYPL ) shares rose 3.8% after the payments company said private equity firm KKR would buy up to €40 billion (€1 = $1.0915) of its buy now pay later loans originated in Europe.
  • Airbus Group (EPA: AIR ) (OTC: EADSY ) shares rose 0.4% after the company announced an order of 500 planes for India carrier IndiGo (NS: INGL ), while rival Boeing Co (NYSE: BA ) shares fell 3.3%. Boeing has an order for eight 787 Dreamliners from China Airlines.
  • Alibaba Group Holdings Ltd ADR (NYSE: BABA ) shares fell 4.7% after the Chinese e-commerce giant said Daniel Zhang would step down as CEO but remain on as head of its cloud intelligence group.
  • Dice Therapeutics (NASDAQ: DICE ) shares jumped 37% after Eli Lilly and Company (NYSE: LLY ) said it was buying it for $2.4B as it builds its portfolio of treatments for immune diseases.

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