SOPA pictures | LightRakete | Getty Images
Check out the companies that are making headlines in midday trading.
Go Daddy The web hosting company’s shares rose 8.4% after the Wall Street Journal reported that activist investor Starboard Value acquired a 6.5% stake worth approximately $ 800 million.
Delta Airlines – Airlines’ shares fell but bounced back from their lows the following Monday Thousands of flights canceled over the holiday weekend in the midst of staff shortages. Delta was down 0.8%, United was down 0.7%, and American Airlines shares were also trading 0.5% lower. More than 2,000 flights were canceled from Christmas Eve to Sunday evening. The airlines cited the spread of the Omicron Covid variant among the crews as the reason for the cancellations, with bad weather also having an impact on the flights.
Norwegian Cruise Line, royal caribbean – Cruise ship stocks also fell after Covid. was reported Outbreaks on ships. Royal Caribbean lost 1.4%. Carnival was down 1.2%, and Norwegian Cruise Line down by 2.6%.
Las Vegas Sands, MGM resorts Casino operator stocks were sold at the same time as the Omicron variant dampened demand for travel and leisure. Las Vegas Sands lost 1.9%. Wynn Resorts lost 1.5% and MGM Resorts lost 1.2%.
Modern – Moderna shares gave up after Financial Times reports The drug maker is fighting a shareholder proposal that the company should open up its vaccine technology to poorer countries. The proposal calls on Moderna to explain why its prices are so high given the amount of government financial support it has received.
Didi Global – The shares of Chinese rideshare company Didi fell 5.4% after the Financial Times reported that Didi has been preventing employees from selling company shares for an indefinite period of time. This follows a move by the company earlier this month delist the stock in the United States.
Ralph Lauren, american eagle – Retail stocks rose Monday after early Christmas shopping sales were shown heavy consumption in recent weeks. Ralph Lauren’s shares rose 4.3% while American Eagle’s shares rose 3.5%
– CNBC’s Jesse Pound, Tanaya Macheel, Pippa Stevens and Yun Li contributed to the coverage