Hawaiian Electrics stock falls on dividend halt and lawsuit, Digital World Acquisition Corp. slides, and other moving stocks
Summary
Here are some of Fridays biggest movers: Shares of Affirm Holdings Inc. (AFRM) rallied nearly 23% after the buy-now-pay-later operator topped expectations with its latest quarterly results Domo Inc.s stock (DOMO) dropped more than 40% after the cloud-data software companys outlook soured its better-than-expected results. Hawaiian Electric Industries Inc. shares (HE) slid 20% after the utility halted its dividend to shore up its cash position -- and after it was sued by Maui County for allegedly contributing to the devastating wildfires on the island. Digital World Acquisition Corp.(DWAC), the special purpose acquisition company working on a merger with Trump Media & Technology Group, fell 0.8% after former President Donald Trump was arrested in Georgia late Thursday on charges he meddled in the states 2020 presidential-election results. Marvell Technology Inc. shares (MRVL) declined 7% after the chip maker reported earnings that beat the Wall Street consensus, but offered an in-line outlook. This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.