Check out the companies making headlines in midday trading. Spirit Airlines , JetBlue Airways — The airline stocks respectively slid 22% and 8% a day after a federal judge blocked JetBlue’s proposed $3.8 billion acquisition of Spirit. Following the ruling, Bank of America downgraded Spirit to an underperform rating, while Susquehanna downgraded the airline to negative. Interactive Brokers — Shares of the electronic broker climbed nearly 2% after posting mixed fourth-quarter results. Late Tuesday, Interactive Brokers reported adjusted revenue of $1.15 billion, beating the $1.14 billion consensus estimate of analysts polled by LSEG. On the other hand, adjusted earnings disappointed forecasts by 3 cents per share. Sinclair — Shares jumped 13% after the broadcaster announced a settlement of all litigation connected to Diamond Sports Group. Sinclair will pay $495 million in cash to Diamond as part of the deal. SolarEdge — SolarEdge fell 5% after Barclays downgraded the solar stock to underweight, citing a tougher road to recovery versus peers. Teladoc — Shares of the virtual health-care platform slid 4.5% following a downgrade to neutral at D.A. Davidson. The investment firm cited stalling growth as a driver in its decision. Nutanix — The cloud computing company added 2% after William Blair issued Nutanix an outperform rating. The investment firm said that Nutanix shares could rise as the industry reshuffles following the Broadcom-VMware acquisition . Instacart — Shares of the food delivery service popped 8% on Wednesday after Wolfe Research upgraded shares to outperform from peer perform. The firm said it sees an “attractive” risk-reward profile at current levels and that the company has several paths to achieve strong revenue growth, including a potential merger with Uber that could revive the stock. Rivian — The electric vehicle manufacturer slid nearly 8% following a downgrade to a hold rating from Deutsche Bank. The bank said that the company’s…
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