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Check out the companies making headlines in midday trading.
Digital World Acquisition — The company planning to take Donald Trump's media company Truth Social public surged 20%, continuing its ascent on an announcement Wednesday that Google would allow the media company into its app store. The company was previously banned.
Relmada Therapeutics — Shares of the biotech company plummeted 78.2% following an announcement that a drug for treating depression did not meet goals for its late-stage study. It was a 52-week low for the stock.
Albertsons – Shares of the Safeway and Acme owner surged 12.6% on news that a potential buyout by rival supermarket operator Kroger could come as soon as Friday. Kroger shares dipped 2.1% on the report.
Domino's Pizza — Shares of the pizza chain jumped more than 8% after third-quarter revenue came in at $1.07 billion, above the $1.06 billion expected by analysts, according to Refinitiv. That was helped by a 2% rise for U.S. same store sales. The company's third-quarter earnings per share did come in lighter than expected $2.79. Analysts surveyed by Refinitiv were looking for $2.97 per share.
Progressive — The insurance company was down 4% after it announced net income loss increased 425% in the third quarter compared to the same period a year ago. Progressive is one of many insurance companies taking hits as Hurricane Ian and other natural disasters upped costs.
Revlon — The beauty company shot up 31.2% on reports that creditors of the company sent hundreds of millions of dollars by Citi on accident were denied a review of a ruling from an appeals court that they had to return the money.
Delta Air Lines — Shares of Delta were up 4% after posting record revenue for the third
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