GoDaddy, Boeing, Moderna and more
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Check out the companies that hit the headlines in midday trading.
Hold on dad – The web hosting company saw its stock rise nearly 9.2% following a Wall Street Journal report that activist investor Starboard Value took a 6.5% stake in it, worth a value about 800 million dollars.
Boeing – Shares of stocks related to air travel fell after Thousands of flights canceled over the weekend in the face of a staff shortage. Boeing fell 1%, while shares of Delta, United and American Airlines also traded lower. More than 2,000 flights were canceled between Christmas Eve and Sunday night. Carriers cited the spread of the Covid omicron variant among crews as the cause behind the flight cancellations, with bad weather also affecting flights.
Norwegian Cruise Line, Royal Caribbean – Cruise line shares also fell after Covid reported outbreak on the train. Royal Caribbean slipped more than 2%. Carnival down 1.5% and Norwegian Cruise Line down 2.9%.
Las Vegas Sands, MGM . Resort – Shares of casino operators sold off as the omicron variant reduced demand for travel and entertainment. Las Vegas Sands fell 2.2%. Wynn Resorts fell 1.9% and MGM Resorts fell 1.5%.
APA Corp, Devonian energy – Energy names increase when oil prices rise. APA Corp was up 5.6%, Devon Energy was up 4% and Diamondback Energy was up 3.2%.
Moderna – Moderna shares fell nearly 1% after Financial Times reported The drugmaker is fighting a shareholder proposal that it open up its vaccine technology to poorer countries. The proposal calls on Moderna to explain why its price is so high given the amount of government financial support it has received.
Global Didi Shares of Chinese ride-hailing company Didi fell more than 4% after the Financial Times reported that it blocked employees from selling shares of the company for an indefinite period. That follows a move by the company earlier this month to clear US stocks.
Ralph Lauren, O My – Retail stocks rose on Monday after holiday shopping sales numbers showed Strong consumer spending in recent weeks. Shares of Ralph Lauren are up 3.3%, while shares of American Eagle are up 3.5%
– CNBC’s Jesse Pound, Tanaya Macheel, Pippa Stevens and Yun Li contributed reporting