A worker cleans an escalator on Las Vegas Boulevard in Las Vegas, Nevada, USA, on Tuesday, March 17, 2020.
Joe Buglewicz | Bloomberg | Getty Images
Check out the companies that make headlines for trading at noon.
Casino Stocks — Increasing scrutiny from the Macau government and Chinese health officials reporting an outbreak of Covid-19 put pressure on casino stocks on Wednesday’s second day. Wynn Resorts decreased by about 8%, while MGM Resorts and Las Vegas Sands decreased by about 4%.
EOG Resources – Exploration and production companies’ stock prices soared by more than 6% due to rising commodity prices on Wednesday. All components within the S & P 500 Energy Sector have progressed by at least 1%, with Occidental Oil and Marathon Oil rising by more than 5% each. Diamond back energy increased by more than 6%. West Texas Intermediate Crude Oil Futures, the US oil benchmark, rose about 3% due to higher-than-expected US inventory pulls.
Weber — Grill maker shares have skyrocketed by more than 6% after reporting their first quarterly earnings since they went public in August. Weber recorded 19% year-over-year sales growth, forecasting annual sales that exceed current Wall Street forecasts.
Canadian National Railway — Railroad company shares rose 3.5% after the planned merger with Kansas City Southern was formally canceled and Canadian National announced that it would receive a $ 1.4 billion cancellation fee. Kansas City Southern is currently signing a new merger agreement with the Pacific Canada. Both of these stocks rose slightly on Wednesday.
Just Eat Takeaway — Food delivery service companies’ share has fallen by more than 4%. This decline came after Amazon and Deliveroo announced a partnership in the United Kingdom to offer free food delivery to Amazon Prime members.
SoFi — Fintech shares have risen by more than 5% since Mizuho launched a buy rating. The Wall Street company has allocated a $ 28 price target to its shares compared to Tuesday’s closing price of $ 14.50. Mizuho said he is seeing a cycle of “increasing engagement, increasing revenue and profits” for Sophie.
Sage Therapeutics — Pharmaceutical companies’ inventories exceeded 4% after the US Food and Drug Administration granted expedited approval for experimental treatment of Huntington’s disease. Sage plans to begin the second phase of the treatment trial by the end of the year.
Citrix Systems — Citrix’s share price rose more than 2% a day after Bloomberg News reported that software makers at work were working with advisors to consider the possibility of selling the company. According to the report, the company may eventually decide to maintain its independence, but will measure its potential interest in the next few weeks.
Yum China lost more than 6% after warning that spreads in the Delta variant could hit profits in the third quarter by 50% to 60%. Due to the outbreak of variants in China, restaurant operators said they closed or restricted services in more than 500 restaurants in August.
— CNBC’s Hannah Miao, Pippa Stevens, Maggie Fitzgerald, Jesse Pound and Yun Li contributed to the report.
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Wynn, SoFi, Diamondback Energy, etc.
Source link Wynn, SoFi, Diamondback Energy, etc.