© Reuters.
By Liz Moyer
Investing.com — Stocks rallied on Thursday after the December inflation report showed prices cooling in line with expectations. Here are the midday movers for Jan. 12.
- American Airlines Group (NASDAQ:) shares rose 9.3% after it raised its outlook for fourth-quarter earnings and revenue, citing a robust holiday travel season, with strong demand and higher fares boosting results.
- Logitech International SA (NASDAQ:) shares fell 16.9% after the maker of keyboards and other computer equipment said preliminary net sales for the December quarter dropped 22% to 23%, and preliminary adjusted operating earnings were down 33% to 34% compared with the same quarter a year earlier.
-
Walt Disney Company (NYSE:) stock rose 3.9% after activist investor Nelson Peltz’ Trian Partners launched a proxy fight at the entertainment giant, seeking to gain a board seat. Trian has 9.4 million Disney shares, or about $900M, according to a regulatory filing.
-
KB Home (NYSE:) stock fell 2% after the home builder reported worse-than-expected fourth-quarter profit, with net orders down sharply from the same period a year earlier, amid the ongoing housing market slump.
-
Cinemark Holdings Inc (NYSE:) stock rose 8.8% after the movie theater chain got an upgrade by JPMorgan, which raised its rating to Overweight from Neutral.
Be the first to comment