A Gap store in New York, August 2, 2020.
Scott Mill | CNBC
Learn about the companies making headlines in mid-day trading.
gap — Shares of the apparel retailer fell more than 3% after Gap announced Monday CEO Sonia Singhal is stepping down. Wells Fargo Stock downgraded to equal weight from buy Following the move, it said the firm can no longer recommend a stock that is dealing with so many challenges within its company — especially when investors deal with a difficult economic background.
Boeing — Shares of the aerospace company jumped more than 8% after it reported its delivery had reached them Highest monthly level since March 2019, Boeing delivered 51 airplanes in June A total of 216 jets during the first half,
Airline Stocks – Shares of American Airlines That jumped 11% after the company updated its second-quarter guidance, with total revenue expected to increase 12% compared to the same period in 2019. Delta Airlines Gained nearly 7.5% ahead of earnings scheduled for Wednesday. Southwest The stock gained over 5% even after Susquehanna upgraded its rating from neutral to positive.
peloton — Peloton shares rise 3% after fitness equipment maker says It is suspending its in-house manufacturing operations and broadening its partnership with Taiwanese manufacturer Rexon Industrial.
Twitter Shares of the social media company jumped more than 4% after falling 11% in the previous session. twitter said in a letter on Monday Elon Musk’s bid to end his proposed $44 billion acquisition of the social media company is “invalid and incorrect”.
dave and buster Shares of Dave & Buster’s fell nearly 3% to a 52-week low after the entertainment-themed restaurant announced several executive changes to its C-suite. The appointments will be effective from August 1.
price SmartShares of discount retailer PriceSmart fell nearly 10% to touch a 52-week low a day after the company reported earnings that missed analysts’ expectations, even though sales outperformed. PriceSmart also said it is looking to offload excess inventory at discounted prices, as it is impacted by changes in consumer demand and supply chain disruptions.
canu-EV maker Kanu’s shares rise 77% Walmart at least 4,500. agreed to buy of your upcoming electric delivery van. Walmart can buy up to 10,000 electric vans through the agreement.
Microsoft – Slipped nearly 2.7% after Microsoft Morgan Stanley lowers its price target $372 to $354 on the company. The firm also said that the stock is not protected from macro risks.
— CNBC’s Sarah Min, Samantha Subin and Eun Lee contributed reporting