Learn more about the companies that are making headlines in mid-day trading.
Casino shares – Casino shares were under pressure for a second day on Wednesday amid a Macau government investigation and as Chinese health officials reported the COVID-19 outbreak. Wynn Resorts are down almost 8%, while MGM Resorts and Las Vegas Sands are down almost 4%.
EOG Resources – Shares of the exploration and production company rose more than 6% in commodity prices on Wednesday. Each component of the S&P 500’s energy sector grew by at least 1%, with Occidental and Marathon Oil each increasing by more than 5%. Diamondback Energy increased by more than 6%. West Texas Intermediate crude futures, the benchmark for US oil, rose nearly 3% after a larger-than-expected US inventory drawdown.
Weber – Shares of the grill maker have jumped more than 6% after releasing first quarter results since going public in August. Weber posted 19% sales growth from a year ago and expected annual sales to exceed Wall Street’s current forecast.
Shares of Canadian National Railways – Railway Company rose 3.5% after the company announced its proposed merger with Kansas City Southern had been formally canceled, with Canadian National receiving $ 1.4 billion dollars in termination fees. was set for. Kansas City Southern has now entered into a new merger agreement with Canadian Pacific. On Wednesday, both stocks were slightly higher.
Just Eat Takeaway – Shares of the food delivery service company fell more than 4%. The fall comes after Amazon and Deliveroo announced a partnership that would offer free food delivery to Amazon Prime members in the UK.
Shares of the fintech company rose more than 5% after SoFi-Mizuho launched a cover with a buy note. The Wall Street firm gave the stock a price target of $ 28, down from $ 14.50 at Tuesday’s close. Mizuho said he sees a cycle of “increasing engagement, increasing revenue and profit” for SoFi.
Sage Therapeutics – The drugmaker’s shares jumped more than 4% after the U.S. Food and Drug Administration granted it fast-track status for an investigational treatment for Huntington’s disease. The second phase of trials for the treatment of SEZ is expected to begin before the end of the year.
Citrix Systems – Citrix shares rose more than 2% per day after Bloomberg News reported that the workplace software maker was working with advisers to consider a potential sale of the company. According to the report, the company may decide to remain independent, but will assess potential interest in the company over the coming weeks.
Yum China – Yum China lost more than 6% after warning that the spread of the delta version could cut third quarter profits by 50% to 60%. In August, restaurateurs closed or limited service to more than 500 restaurants due to the outbreak in China.
– CNBC’s Hannah Miao, Pippa Stevens, Maggie Fitzgerald, Jesse Pound and Yun Lee contributed reporting
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