Midday Stock Movers: Uber, Nikola Gain, KB Home Slides

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Midday Stock Movers: Uber, Nikola Gain, KB Home Slides

By Sam Boughedda

Investing.com -- U.S. indices are up again Thursday, with the Nasdaq and S&P 500 at +0.8% and the Dow at +0.6%. Here are the midday movers on Thursday, March 24th.

Emclaire Financial Corp. (NASDAQ: EMCF ) surged 38% on news it has entered into a merger agreement with Farmers National Banc Corp.

Uber Technologies, Inc. (NYSE: UBER ) is up 5% after it struck a deal to list all licensed New York City taxicabs on its app. The move marks a significant shift from Uber's previous policy but comes as it struggles with driver availability.

Nikola Corp. (NASDAQ: NKLA ) is trading 6.9% higher around midday, down from the initial 15% gain, after revealing that production of its electric truck began last week at its Coolidge, Arizona factory.

KB Home (NYSE: KBH ) is down 3.6% after reporting earnings that missed earnings per share and revenue expectations after the close Wednesday. The company pointed to supply and labor issues.

Hello Group Inc. (NASDAQ: MOMO ) shares are trading 9.7% below Wednesday's close after the company reported earnings below analyst expectations. Revenue did, however, beat forecasts.

Vicinity Motor Corp. (NASDAQ: VEV ) has plunged 27% on the announcement of a $12 million registered direct offering. The company intends to use the proceeds to complete the Ferndale, Washington manufacturing facility.

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