SQ, DB, GME, ATVI and more

Check out the companies making headlines in the midday trade.

Block — Shares fell nearly 3%, after losing nearly 15% in the previous trading session when short-seller Hindenburg Research alleged that Block facilitates fraud. Atlantic Equities downgraded the stock to hold on Friday, citing the lack of clarity about the payments company’s Cash App following Hindenburg’s short position.

GameStop — The famous meme stock rose 2.5% in midday trading. The stock has been active since reporting its first profitable quarter in two years earlier this week.

the German bank — The German lender’s US-listed shares fell 5%, returning to their lowest levels. Bank shares had fallen about 14% after the bank’s credit default swaps jumped without an apparent catalyst. JPMorgan defended Deutsche Bank on Friday, saying investors should focus on the European bank’s “solid” fundamentals.

Regeneron — Regeneron rose 2.2% after Jefferies upgraded the pharmaceutical stock to a buy from hold rating and said its Dupixent drug, in development with Sanofi, could serve as the next big catalyst for the company.

Wells Fargo and JPMorgan — Shares of commercial banking giants were lower in midday trading, with Wells Fargo retreating 2.3% while JPMorgan fell 2.2%. Both shares have been under pressure in line with greater turmoil in the financial sector this month.

Incite — The pharmaceutical stock fell about 4% after Incyte announced that the Food and Drug Administration had informed the company that the regulator would not approve an application for a new blood cancer tablet in its current form.

Activision Blizzard and Microsoft — Shares rose 5% after Britain’s Competition and Markets Authority dropped some of its concerns with Microsoft’s potential purchase of the company. The Microsoft share rose 0.2 percent.

— CNBC’s Alexander Harring, Yun Li, Jesse Pound, Michelle Fox and Samantha Subin contributed to this report.