Stocks making the biggest moves midday: Newmont, World Wrestling Entertainment, Ryanair and more

Ryanair planes are seen at Dublin airport, following the outbreak of the coronavirus disease (COVID-19), in Dublin, Ireland.

Jason Cairnduff | Reuters

Take a look at the companies making headlines in afternoon trading on Monday.

newmont Shares of Newmont fell 11.9% after the mining company reported disappointing second-quarter profit. The company reported earnings of 46 cents per share, compared to the Refinitiv consensus forecast of 63 cents per share.

world Wrestling Entertainment – Shares of World Wrestling Entertainment jumped more than 7% after Loop Capital upgraded and raised its price target “based on a higher likelihood that the company is sold with Vince McMahon stepping down” ” McMahon, WWE’s top shareholder, being Investigated for claims of sexual misconduct And left the position of CEO on Friday. – Chinese e-commerce company climbs 2% Morgan Stanley calls a “catalyst-driven idea.” The Wall Street firm said it was particularly bullish on in August earnings, as revenue growth is expected to accelerate from June’s levels.

Ryanair — Ryanair shares rise more than 4% Budget airline reports quarterly earnings Which beat Wall Street’s profit forecast. The company is also expected to return to pre-Covid profit levels this year or next, even if the recovery is fragile.

PHILIPS Shares of the Dutch medical device maker fell nearly 7% after the company reported weak quarterly earnings, citing lockdowns and supply chain issues in China. It also lowered its estimate of full-year sales growth from 3% to between 1% and 3% to 5%.

Lam Research — Semiconductor equipment company shares slip nearly 2% after Barclays Downgraded the stock to the same weightis saying in a note to customers that despite the recent boom, the semiconductor industry is due for improvement.

Diamondback Energy – Energy stocks edged up or oil prices edged higher on Monday. Diamondback Energy jumped 5.7%, while Marathon Oil advanced 5.1%. Valero and Hayes each gained more than 4%.

passenger – Shares jump 2% after Raymond James Travelers upgraded to robust purchases, Raymond James believes the insurance stock, which is up 2% this year, will continue to outperform.

— CNBC’s Yun Li, Tanaya Macheel, Samantha Subin and Carmen Reinicke contributed reporting