Midday Stock Movers: System1 Surges, Qualcomm and Peloton Decline

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Midday Stock Movers: System1 Surges, Qualcomm and Peloton Decline

By Sam Boughedda

Investing.com -- U.S. Indices are firmly in the red, with the Nasdaq  the biggest loser, sliding 1.66%. Here are the midday movers on Tuesday, April 5th.

Twitter Inc (NYSE: TWTR ) shares are 4.9% higher midday Tuesday after it was revealed in an SEC filing that Tesla (NASDAQ: TSLA ) CEO Elon Musk will join Twitter's board.

Carnival Corporation (NYSE: CCL ) is up over 3% after it said the week from March 28 to April 3 was the busiest for new cruise bookings in its history.

System1 Inc (NYSE: SST ) shares are soaring 40% above Monday's close after it reported fourth-quarter revenue increased 48% year-over-year to $239 million compared to $161 million in the prior year, with net income at $31 million compared to $7 million in the prior year.

Despite climbing premarket on the news it is in discussions on licensing its battery-swapping technology, Nio Inc (NYSE: NIO ) shares have since fallen, trading 4.6% lower midday.

Qualcomm (NASDAQ: QCOM ) declined 5% after its price target was cut to $205 from $240 by JPMorgan, which kept an Overweight rating on the shares.

Peloton Interactive (NASDAQ: PTON ) has sold off around 4.85% Tuesday after it was reported the company has cut the price of its new Guide strength training device by $200, or approximately 40%.

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