Check out the companies making headlines in midday trading: Southwest Airlines — The stock rose 9% after activist hedge fund Elliott Management amassed a $1.9 billion stake in Southwest Airlines. The firm seeks to replace Southwest CEO Bob Jordan and Chairman Gary Kelly. GameStop — The meme stock slipped nearly 15% in volatile trading after a roller-coaster week.
The stocks rose 11%, 9% and 2%, respectively. The S & P Dow Jones Indices announced Friday that the companies are set to join the index on June 24 as part of its quarterly rebalance, with Robert Half , Comerica and Illumina all leaving the index. While shares of Robert Half were nearly 1% higher, Comerica and Illumina fell 1.5% and 4.5%, respectively. Apple — Shares slipped 0.4% ahead of the iPhone maker's Worldwide Developers Conference on Monday.
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