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Stocks making the biggest moves midday: General Electric, PayPal, Roblox and more
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cnbc.comIn this article
Check out the companies making headlines in midday trading.
General Electric — Shares of General Electric popped more than 3% after announcing Tuesday that it will divide into three separate publicly traded units focused on aviation, health care and energy. The action followed consistent underperformance of its share price over the last two decades.
Roblox — Shares of video-game company Roblox soared 32% in midday trading after the company reported third-quarter results that impressed analysts. Bookings grew 28% year over year in the quarter. Revenue excluding deferred revenue came in at $509.3 million, up 102% year over year, according to a statement.
PayPal — PayPal shares tumbled more than 11% after the payments company
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