Check out the companies that make headlines in midday trading.
Continental Resources – Shares up 14% after shale company announcement Recommend to buy all cash from the trust of the family of billionaire founder Harold Hamm. Continental Resources said it has yet to consider an offer to take the company private in a $25.4 billion deal.
FedEx – Parcel delivery company shares up nearly 13% after FedEx increase its quarterly dividend increased more than 50% to $1.15 per share. FedEx also said it added two directors to its board as part of a deal with hedge fund DE Shaw.
Oracle – The database software company saw its stock rise more than 8% after financial results for the fourth quarter exceeded analyst estimates in the top and bottom lines. CEO Safra Catz said the company has seen a “massive increase in demand” for cloud infrastructure.
Mysterious Oil, Phillips 66, Marathon Oil Stocks of oil and gas companies rose after oil prices rose on Tuesday. Shares of Occidental Petroleum were up more than 6%, Phillips 66 was up nearly 5% and Marathon Oil was up more than 4%.
National Vision – Shares rose 9% on news that the optical retailer will enter the S&P SmallCap 600 index this week. National Vision will replace the Renewable Energy Corporation that was acquired by Chevron.
Twitter Stocks rose more than 2% following reports that Elon Musk will speak to Twitter employees during a hands-on meeting this week. Musk has made an offer to buy the social media company for $44 billion.
CH Robinson Global – Stocks up 8% after one Reuters report said CH Robinson Worldwide’s international freight business has attracted interest from Danish shipping company DSV A/S. According to reports, an acquisition of CH Robinson’s global forwarding business could raise $9 billion.
Nokia – U.S.-traded shares of the Finnish communications network company jumped nearly 2% after a quarter of an hour upgrade to buy from neutral at Citi. The investment firm said in a note that Nokia has stopped losing market share to competitors and has conservative targets for its margins.
Coty Stocks jumped more than 5% after the cosmetics company reaffirmed its current full-year and quarter outlooks.
– CNBC’s Yun Li and Jesse Pound contributed reporting.
