Business

Devon Energy, Cloudera, AMC, etc.

Pump Jack operates at a well site leased by Devon Energy Production Co. near Guthrie, Oklahoma.

Nick Oxford | Reuters

Check out the companies that are headlined in the noon trade.

Devon Energy And Marathon oil — — Shares of Devon Energy and Marathon Oil have each surged more than 12% in response to rising oil prices. West Texas Intermediate Crude Oil FuturesThe US oil benchmark rose to its highest level in more than two years on Tuesday, broadly boosting the energy sector. Occidental While progressing nearly 8% Exon And Chevron Each increased by more than 2%.

United Airlines And American Airlines — — United and American stocks rose about 2% each in the noon trade, as the latest air travel data show. The highest level since before the Covid pandemicThe Transportation Security Administration inspected an average of 1.78 million passengers on Memorial Day weekends.Low cost carrier spirit And Frontier Also, each increased by more than 3%, Allegiant It increased by more than 2%.

Boeing — — The stock price of the aerospace giant has since risen by more than 2%. Cohen upgraded shares Outperform, citing the recovery of air travel. Cohen analyst Kai von Lemor said, “Rapid improvements in air traffic are boosting demand for aircraft, prolonging the period of FAA surveillance and upward revision of China’s MAX approval limits to 2021. , 2022-24 looks brighter. “

Claudera — — Software shares rose about 24% after the company announced a $ 5.3 billion acquisition deal by investment companies KKR and Clayton, Dubilier & Rice. This transaction makes Cloudera a privately held company, and a full cash transaction is worth $ 16 per share.

AMC – AMC’s share price surged about 21% in the morning after the theater chain revealed in a securities filing. Sold over 8 million shares to an investment company.Favorite stock on Reddit’s WallStreetBets forum, Last week increased by 116% Mass transactions by retailers.

Cinemark – Theater chain share increased by about 6% after movie release Memorial Day weekend ticket sales We have achieved the best performance since the pandemic began. North American cinemas earned nearly $ 100 million on holiday weekends. Paramount’s A Quiet Place Part II made its greatest pandemic movie debut in three days, spending $ 48.4 million.

Honest company – Consumer goods companies received a bullish valuation from Wall Street analysts as the IPO silence period ended, rising about 4.6% in noon trading.Morgan Stanley, who started reporting on Honest Tuesday with an overweight price target, said “Strong growth” story..

Nio – The stock price of a Chinese electric vehicle manufacturer rose about 8.5% at midnight on December 12, 2018. Recommendation from the city, Upgraded it to buy, raised its price target and brought over 50% upside. Analysts at the bank said they are feeling a recovery in demand and increased sales of new energy vehicles in the coming months.

Abbott Laboratories – Abbott Laboratories shares fell about 8.5% in noon trading after the company lowered its outlook for fiscal year 2021. According to FactSet, Abbott currently expects adjusted earnings per share to be between $ 4.30 and $ 4.50.

Canopy growth — — Cannabis producer stocks fell 3.8% after missing Wall Street’s expectations for quarterly results. According to Refinitiv, Canopy Growth’s fourth-quarter net revenue was $ 148 million ($ 122.9 million), compared to analysts’ estimated $ 152 million ($ 126.2 million). ..

— CNBC’s Tanaya Macheel, Jesse Pound, and Pippa Stevens contributed to the report.

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Devon Energy, Cloudera, AMC, etc.

Source link Devon Energy, Cloudera, AMC, etc.

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