Stocks making the biggest moves midday: Blackstone, DiDi, Netgear and more

didi blackstone stocks shares airline
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Stocks making the biggest moves midday: Blackstone, DiDi, Netgear and more

¢"“ The Chinese ride-hailing giant's shares shed more than 9% after Bloomberg News reported that Beijing is from a massive fine to even a forced delisting after its IPO last month. DiDi shares have fallen about 25% since its initial public offering at the end of June amid the regulatory pressure. China is conducting a cybersecurity review on the company after alleging that Didi had illegally collected users' data. — Shares of the investment firm jumped over 4% after Blackstone beat estimates on the top and bottom lines for the second quarter. The company reported 82 cents in earnings per share on $2.12 billion in revenue, with total assets under management rising 21% year over year. Analysts surveyed Refinitiv were looking for 78 cents in earnings per share and $1.84 billion in revenue.‚ — The airline's shares dipped more than 4% despite posting a second-quarter profit after getting federal aid. Excluding special items, the airline posted a wider loss than analysts expected. The Dallas-based airline's sales rose nearly 300% from a year earlier to to $4‚ billion. That was still down 32% from $5.9 billion during the same time in 2019. Net income for the second quarter totaled $348 million,