Finance News

Shares That Make The Largest Strikes By Noon: American Airways, Kohl's, Lucid Group, and extra

An American Eagle, a regional subsidiary of American Airlines (AA), takes off past other AA aircraft at Ronald Reagan Washington National Airport in Arlington, Virginia on December 3, 2021.

Chris Helgren | Reuters

Check out the companies that are making headlines in midday trading.

Airlines – Airline stocks rose Monday as stocks rose key averages in connection with the recovering economy. American Airlines was up 7.9%, United Airlines was up 8.3% and Delta Air Lines was up 6%. The Alaska Air Group grew by 4.2%.

Cruise and Casino Stocks – Norwegian Cruise Line rose 9.5% and Carnival rose 8.1% as it weighed heavier on reopening games. Las Vegas Sands gained 7.2%. MGM Resorts and Wynn Resorts were up 5.1% and 6% respectively.

Kohl & # 39; s – The retailer's shares rose 5.4% after it was revealed that activist investor Engine Capital is recommending Kohl & # 39; s consider either selling the company or divesting its e-commerce business to pull.

GCP Applied Technologies – Shares in GCP Applied Technologies rose 17.1% after the manufacturer of specialty construction chemicals agreed to acquire French construction company Saint-Gobain for $ 32 per share in cash, or approximately $ 32 billion.

Lucid Group – The electric vehicle startup's shares fell 5.1% after it was announced on Friday that the company received a subpoena from the Securities and Exchange Commission requiring “certain documents to be produced in connection with an investigation ". Lucid is the latest EV startup to go public on a SPAC deal that the SEC is seeking to investigate.

Wells Fargo – Wells Fargo stocks rose 2.3% after Morgan Stanley upgraded the stock from equal weight to overweight. Morgan Stanley said Wells is the most wealth sensitive stock in their reporting and futures with higher fed funds warrant an upgrade. The company named Wells a top pick for 2022.

Spirit Airlines – The low-cost airline's shares rose 6.1% after Evercore ISI upgraded Spirit to outperform the line. Evercore said in its upgrade that it "sees strategic optionality as business execution and demand improve".

MicroStrategy – The business analytics software company's shares fell 5.5% after the Bitcoin sell-off over the weekend. MicroStrategy has billions of dollars worth of bitcoins on its balance sheet, making the company's stock sensitive to fluctuations in the price of the world's largest cryptocurrency.

Alibaba – Shares in the Chinese internet giant rose 10.4% after the company announced a reorganization of its international and domestic e-commerce operations. Alibaba also said it will replace its CFO.

Boston Beer – The beverage company's shares rose 6.9% after Cowen upgraded Boston Beer to market performance from underperformance. In his beer company's upgrade, Cowen said the valuation re-evaluation is likely to be complete.

– with reports from Yun Li, Pippa Stevens and Hannah Miao from CNBC.

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