Investors are keeping an eye on the most active stocks midday. Roku saw a 3% increase in their shares after revealing that 10% of staff will be laid off, offices will be consolidated, and other expenses reduced. Additionally, the streaming company upped its third-quarter revenue guidance to between $835 million to $875 million. Tesla's stock dropped 3% along with other tech-related names, after the Wall Street Journal reported that Tesla CEO Elon Musk borrowed $1 billion from SpaceX the same month he purchased Twitter. AMC Entertainment's shares plummeted 28% after announcing a plan to sell up to 40 million new shares to raise cash. Apple's stocks decreased 3.6% in light of reports that China may ban iPhones and other foreign-branded devices used by government officials in the workplace. The approximate 5-10 million unit headwind would be enforced if the ban is implemented. AeroVironment surged 25% after surpassing analysts' expectations of 26 cents per share for adjusted earnings with a reported $1 per share and revenue of $152 million, instead of the expected $129 million. NextGen Healthcare's stock rose 14% when a private equity firm, Thoma Bravo, agreed to buy it for $23.95 per share, 17% more than the closing price of the previous day. On the other hand, Enbridge's stocks fell 5.4% on the same day that Dominion Energy, which declined 1.7%, declared a deal to sell its three natural gas distribution companies to Enbridge for $9.4 billion. In contrast, Harley-Davidson's stocks rose 2.9% after authorizing the repurchase of an additional 10 million shares. Meanwhile, the technology platform GitLab went up 1% on the back of greater-than-expected second-quarter results. Similarly, Zscaler's cloud security stock slipped 3.3% despite beating analysts' expectations and providing strong guidance. Asana's shares dropped 12.4% in acknowledgement of the weakness from the technology sector. On a brighter note, Dexcom's medical device stock rose 6.7% when the company revealed data which showed an increased adoption of CGM after the initiation of GLP-1 obesity drugs. Lastly, Southwest Airlines' stock decreased more than 2% after narrowing its unit revenue outlook for the current quarter to a range of 5-7% decrease compared to the same period the previous year.
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