INVZ - Hot Stocks: SAVE dips as it sticks with ULCC bid; VRTX clinical hold; INVZ HTH rally

While earnings news has dominated the headlines in recent weeks, a few other stories have generated action in Monday's midday trading as well. This includes Spirit Airlines (NYSE:SAVE), which fell in the intraday period as it continues to favor a merger deal with Frontier Airlines (ULCC), despite a raised offer from JetBlue (JBLU). Elsewhere in the market, Vertex Pharmaceuticals (VRTX) was another midday decliner, dragged down by a regulatory setback for a diabetes drug.  On the other side of the ledger, a contract win fueled gains in Innoviz Technologies (INVZ). At the same time, Hilltop (HTH) rallied on a $400M stock repurchase offer. Decliners Spirit Airlines (SAVE) lost ground in intraday trading after the company continued to back a merger deal with Frontier Airlines (ULCC), even after JetBlue (JBLU) sweetened its competing bid. SAVE dropped nearly 10% in midday trading. JBLU announced that it had raised its offer to $33

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Hot Stocks: SAVE dips as it sticks with ULCC bid; VRTX clinical hold; INVZ, HTH rally