Business & Investment

Quantumscape, Tesla, Boeing, McDonald’s, etc.

SpaceX founder and Tesla Inc. Elon Musk will arrive at the Axel Springer Awards ceremony in Berlin, Germany, on Tuesday, December 1, 2020.

Liesa Johannssen-Koppitz | Bloomberg | Getty Images

Check out the companies that are creating headlines at noon on Monday.

Quantumscape —Battery company shares fell more than 37% as investors made a profit on the newly listed company. Last week, market share fell 53%. Backed by Bill Gates’ breakthrough energy, the company was unveiled in November through a special purpose acquisition company.

Tesla — Electric car companies surged more than 3% to record highs After Tesla said it delivered a record number of vehicles in the fourth quarter.. Stock prices are entering the banner year, which has risen by more than 700%.

Boeing — After investment firm Bernstein downgraded shares and fell short of market performance, aerospace giants’ stock prices fell nearly 4%. The company said in a memo that the company still faces a long recovery after the return of the 737 Max.

Herbalife — Nutrition company shares rose more than 2% after Herbalife announced that it was roughly buying back $ 600 million stake from activist investor Carl Icahn.. Icahn said in a statement that he would continue to be a shareholder of the company, but the activist representative of the board has resigned.

Magellan Health — Shares have risen more than 12% following news that Celgene will buy for $ 2.2 billion, or $ 95 per share. This price represents a 14.7% premium against Thursday’s closing price of $ 82.84 per share. The transaction is expected to close in the second half of this year.

McDonald’s — After Citi launched McDonald’s with a neutral valuation, the share of fast food chains fell by nearly 3%. The Wall Street company has a hamburger jointDelayed recovery in the international market.. “

Hardworking group — Electric vehicle manufacturers have increased their inventories by more than 4% after receiving orders for 6,320 units from the Pride Group.

Vodafone — US-listed stocks rose 2.5% as the company signed a deal with Discovery and included Discovery + Streaming Services in Telecom’s existing Vodafone TV platform.

China Telecom, China mobile — China Telecom and China Mobile fell 7% and 6%, respectively, after the New York Stock Exchange announced that it would exclude Chinese telecommunications giants from January 11. The move is to follow an enforcement order signed by President Donald Trump in November. It banned Americans from investing in companies allegedly related to the Chinese military..

Estee Lauder — Cosmetics companies lost 3.8% after Raymond James downgraded Estee Lauder from outperform to market performance. According to the company, a recovery of nearly 30% of Estee Lauder in 2020 has helped investors overcome the short-term headwinds brought about by the pandemic.

— CNBC’s Pippa Stevens, Yun Li, Maggie Fitzgerald, and Jesse Pound contributed to this report.

Quantumscape, Tesla, Boeing, McDonald’s, etc. Quantumscape, Tesla, Boeing, McDonald’s, etc.

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