Twitter CEO and co-founder Jack Dorsey congratulates Indian Institutes of Technology (IIT) students on November 12, 2018 in New Delhi, India.
Amal KS | Hindustan Times | Getty Images
Check out the companies that make headlines for trading at noon.
Freeport-McMoran — Mining companies’ stock prices were over 7% higher, the largest increase in the S & P 500. Stock prices soared amid widespread market rebound and soaring copper prices on Thursday.
Penn National Gaming — After Canadian regulators approved the acquisition of sports media company The Score, casino and sports betting companies’ shares surged about 7%. The transaction is expected to close on October 19th. Both companies said..
Levi Strauss & Company — Denim maker’s share surged 8.7% after the company Blowout revenue report. Levi’s generated 48 cents per share in the third quarter, while Refinitiv expects it to be 37 cents. Earnings also exceeded analysts’ expectations as student demand picked up in the new semester and shoppers tried to stock up on the latest denim trends.
Ram Weston — The frozen potato company confirmed that its share price had fallen by more than 3% after reporting its quarterly financial results. According to Refinitiv, Ramweston recorded a loss of 20 cents per share. This exceeds the analyst’s estimated loss of 38 cents per share. The company also missed a revenue quote.
Tiley — According to Refinitiv, Tilray shares surged more than 3% after Canadian cannabis producers’ quarterly earnings of 8 cents per share were in line with Wall Street expectations. Revenue increased 43% year-on-year.
Troy Helen — Manufacturers of household and healthcare products increased by more than 6%, surpassing estimates after reporting quarterly adjusted earnings per share of $ 2.65. Revenues also exceeded analysts’ expectations.
twitter — Social media company shares increased 4.5% after announcing plans late Wednesday Sell MoPub Mobile Advertising Network Mobile game developer AppLovin for $ 1.05 billion in cash. Twitter purchased MoPub Reported $ 350 million September 2013.
Meredith Corporation., IAC / InterActiveCorp — Meredith has made more than 6% profit following news that IAC’s Dotdash will acquire its digital and magazine business for $ 42.18 per share in full cash transactions. The merged company will be called Dotdash Meredith and will include popular brands such as People and Better Homes & Gardens. IAC’s share has been added by 7%.
Healthcare Trust of America — Healthcare trust stocks surged 3.9% after Bloomberg reported that activist investor Elliott Management is pursuing a strategic review that could lead to the sale of real estate investment trusts.
Rocket Lab USA — Space company stocks have since risen 8.5% Announced on Wednesday We won a contract with NASA and launched an advanced composite solar sail system. It will be launched as part of a ride-sharing mission scheduled for lift-off in mid-2022.
Multiple onset, Baidu, JD.com — US-listed Chinese stocks rose after President Joe Biden and President Xi Jinping announced that they would hold their first summit virtually by the end of 2021. Pin Duo Duo added about 6.7%. Baidu increased by more than 6%, JD.com It increased by more than 5%.
— CNBC’s Hannah Miao, Jesse Pound and Yun Li contributed to the report
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Twitter, Tilray, Penn National, etc.
https://www.cnbc.com/2021/10/07/stocks-making-the-biggest-moves-midday-twitter-tilray-penn-national-and-more.html Twitter, Tilray, Penn National, etc.