Stocks making the biggest moves midday: Citigroup, Adobe, Corteva and more
Summary
Redwire — The space infrastructure stock soared 14% Wednesday after Roth MKM initiated research coverage of the company with a buy rating. The action comes a day after the Centers for Disease Control and Prevention cleared updated Covid vaccines from Pfizer and Moderna for Americans ages 6 months and up, following approvals from the U.S. Food and Drug Administration. Citigroup — Shares advanced 2% after the banks CEO Jane Fraser announced a corporate reorganization Wednesday amid a stock slump. Low-cost carrier Spirit Airlines fell 2.7% after it also cut its summer profit estimates due to higher costs. Traders have also signaled bullish sentiment toward the stock ahead of earnings, due to the continued excitement over artificial intelligence.