Hawaiian Electric’s stock falls on dividend halt and lawsuit, Digital World Acquisition Corp. slides, and other moving stocks

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Shares of Hawaiian Electric, Marvell, Domo and Affirm Holdings were among the biggest-moving names in regular trading on Friday.

Shares of Affirm Holdings Inc. AFRM, +23.46% rallied nearly 23% after the buy-now-pay-later operator topped expectations with its latest quarterly results.Domo Inc.’s stock DOMO, -42.90% dropped more than 40% after the cloud-data software company’s outlook soured its better-than-expected results.

Hawaiian Electric Industries Inc. shares HE, -16.27% slid 20% after the utility halted its dividend to shore up its cash position — and after it was sued by Maui County for allegedly contributing to the devastating wildfires on the island. Digital World Acquisition Corp. DWAC, -0.36%, the special purpose acquisition company working on a merger with Trump Media & Technology Group, fell 0.8% after former President Donald Trump was arrested in Georgia late Thursday on charges he meddled in the state’s 2020 presidential-election results.

Marvell Technology Inc. shares MRVL, -6.63% declined 7% after the chip maker reported earnings that beat the Wall Street consensus, but offered an in-line outlook. Shares of Nordstrom Inc. JWN, -8.80% fell 5.5% after the upscale department-store chain warned that sales had “decelerated” at its namesake and off-price Nordstrom Rack stores.

 

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