Tuesday, August 16, 2022
  • Login
Fox Finances
No Result
View All Result
  • Home
  • Business
  • Stocks
  • Investments
  • Commodities
  • Forex
  • Crypto
  • Insurance
  • PF
  • Markets
  • Startups
  • Real Estate
  • Home
  • Business
  • Stocks
  • Investments
  • Commodities
  • Forex
  • Crypto
  • Insurance
  • PF
  • Markets
  • Startups
  • Real Estate
No Result
View All Result
Fox Finances
No Result
View All Result
Home Stock Market

Harley-Davidson, GameStop, SVB Financial, Coca-Cola and more

Fox Finances by Fox Finances
December 13, 2021
in Stock Market
0
0
SHARES
25
VIEWS
Share on FacebookShare on Twitter


Customers view Harley-Davidson Inc. motorcycles at the company’s dealership in South San Francisco, California, U.S., on Tuesday, June 26, 2018.

David Paul Morris | Bloomberg | Getty Images

Check out the companies making headlines in midday trading.

Harley-Davidson — Shares of the motorcycle maker jumped 4.7% after the company announced its electric motorcycle unit, Livewire, will go public through a merger with a special purpose acquisition company, or SPAC. The deal is valued at about $1.8 billion and will trade on the New York Stock Exchange under the ticker symbol “LVW.”

Pfizer — Shares of the vaccine maker jumped rose 4.6% after a new Israeli study showed its Covid booster shot provides strong protection against severe illness from the omicron variant. Its partner BioNTech saw shares jump 7.9% on the news. Separately, the company announced it will acquire drug developer Arena Pharmaceuticals for $6.7 billion in cash. Arena’s shares soared by 80.3%.

Meme stocks — Speculative stocks that were once popular with retail investors on Reddit slid as traders bailed from their risky positions. GameStop’s shares cratered 13.9% in midday trading, while AMC Entertainment lost 15.3%. Bed Bath & Beyond fell 6.4%.

SVB Financial Group — Shares of the financial services company and parent of Silicon Valley Bank fell 4% after it announced it would acquire tech equity research firm MoffettNathanson to expand its investment banking capabilities.

Bristol-Myers Squibb — The biopharmaceutical company saw shares rise 4.7% after it announced a dividend increase of 10.2% over last year’s quarterly rate, as well as an additional $15 billion share repurchase authorization.

Halliburton, Exxon Mobil — Shares of the energy companies fell after Iraq’s energy minister said they’re in talks over the potential sale of Exxon’s stake in the West Qurna-1 oil field in southern Iraq, Bloomberg reported Monday. Halliburton’s shares fell 5%, while Exxon’s shares lost 2.1%.

Coca-Cola — Shares of the beverage company gained 2.6% after JPMorgan upgraded the stock to an overweight rating. The firm expects top-line momentum to build into 2022 driven by the ongoing economic reopening following the pandemic, and noted that the stock’s current valuation is compelling both on a historical basis and relative to peers.

Rivian — EV maker Rivian’s share got a 3.7% boost after MotorTrend names its R1T model the publication’s 2022 truck of the year on Monday and called it “the most remarkable pickup truck we’ve ever driven.” The R1T is the first mass-produced electric truck in the U.S., and the recognition is highly sought by automakers globally every year. Ford slipped 4.7%, and General Motors fell 6.4%.

Dollar Tree — Shares of the discount retailer fell less than 1% after activist investor Mantle Ridge announced efforts to try to replace the Dollar Tree board, which the company called “unwarrantedly aggressive.” Dollar Tree also said it has offered to explore a settlement with Mantle Ridge, which owns 5.7% of the company.

Travel stocks — Stocks related to travel and the economic reopening were lower Monday amid continued fear and anxiety around the omicron Covid variant. United Airlines fell 5.2% while American Airlines fell more than 4.9%. Carnival and Royal Caribbean Cruises each dropped about 4%. Hotel chains Marriott and Hilton were 4% and 2.5% lower, respectively.

 — CNBC’s Pippa Stevens contributed reporting



Source link

Tags: CocaColaFinancialGameStopHarleyDavidsonSVB
Previous Post

Best High Beta Stocks | Learn More

Next Post

Gold futures settle at a 3-week high as Fed meeting comes in focus

Next Post

Gold futures settle at a 3-week high as Fed meeting comes in focus

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

The UN Just Put Up A Giant Statue In New York That Resembles A “Beast” Described In The Book Of Revelation – Investment Watch

December 9, 2021

Dow Jones, US Dollar, Gold, RBNZ, FOMC Minutes, AUD/USD, NZD/USD

August 14, 2022

China coronavirus – Shanghai reports Covid-19 case outside quarantine area

May 28, 2022

Corpus Christi biz reporter Cargo among Gannett layoffs

August 13, 2022

10 Tips to Make More Money as a DoorDash Driver

August 3, 2022

3 Critical Questions to Ask Yourself Before Buying An Investment Property

August 9, 2022

The Price Of Eggs Is Up 47 Percent As Food Costs In The U.S. Spiral Out Of Control – Investment Watch

August 11, 2022

How I Got My Student Loans Forgiven: Legal Director in D.C.

August 12, 2022

Dow Jones Futures Fall: Fed Minutes, Home Depot, Walmart Earnings Up Next

August 16, 2022

Poppy O’Neil: Designer puts Woollahra terrace on the market ahead of first child

August 16, 2022

Bitcoin and Ether Fall; Angry That Hodlnaut Has Frozen Your Funds? Too Bad, It’s in the Terms and Conditions

August 16, 2022

Helbiz reports revenue increase but dwindling cash reserves – TechCrunch

August 15, 2022

Prioritize UK energy production to protect consumers from sanction supply shocks

August 15, 2022

Australian Dollar Falls Alongside Copper and Iron Ore Ahead of RBA Minutes

August 15, 2022

Traders flinch after Ethereum price rejects at $2,000

August 15, 2022

What Is Stagflation? Are We Experiencing It Now?

August 15, 2022

Ads

Fox Finances

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business and Finance
  • Commodities
  • Cryptocurrency
  • Forex
  • Insurance
  • Investments
  • Market Research
  • Personal Finance
  • Real Estate
  • Startups
  • Stock Market

RECENT UPDATES

  • Dow Jones Futures Fall: Fed Minutes, Home Depot, Walmart Earnings Up Next
  • Poppy O’Neil: Designer puts Woollahra terrace on the market ahead of first child
  • Bitcoin and Ether Fall; Angry That Hodlnaut Has Frozen Your Funds? Too Bad, It’s in the Terms and Conditions
  • Home
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2021 Fox Finances.

No Result
View All Result
  • Home
  • Business
  • Stocks
  • Investments
  • Commodities
  • Forex
  • Crypto
  • Insurance
  • PF
  • Markets
  • Startups
  • Real Estate

Copyright © 2021 Fox Finances.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In