Learn about the companies making headlines in mid-day trading.
ford motor – shares of Carmaker drops nearly 3% and hits new 52-week low New vehicle sales for the second quarter fell after the company posted modest growth that missed automotive analysts’ expectations. The company said sales in the second quarter rose 1.8% to 483,688 new vehicles compared to a year ago. Analysts expect the Detroit automaker’s sales to grow between 3.3% and 5.1%.
Energy Stocks — Energy Stocks Fall on Tuesday Oil fell 8% and US oil benchmarks traded below $100. The energy sector of the S&P 500 traded 5% lower on the day, along with shares marathon oil, ConocoPhillips And halliburton Each down more than 7%. Occidental Petroleum And Exxon Mobil Each dropped about 4%.
HP Inc. – HP shares slip 2.1% Stock is downgraded by Evercore ISI In line with the outperformance, the company is battling a tough PC market ahead.
Stellaris – Shares of the automaker formerly known as Fiat Chrysler were down 6.9% after a union workers report said the company’s Italy-based production would drop by about 220,000 vehicles this year due to global chip shortages. can take a hit. Stelantis produced about 14% fewer vehicles in the first half of this year compared to the same period a year ago.
astraZeneca – Shares of the drug maker slipped 1.7% After announcing that it was buying TeneoTwo in a deal that could be valued at up to $1.27 billion,
crocs – K shares Crocs by Loop Capital. Shoe company jumps over 9.5% after upgrading buy from hold Loop said in a note to customers that Crocs should not be considered a pandemic-era fad and that the recent decline for the stock has gone too far.
— CNBC’s Yun Lee, Tanaya Machiel and Jesse Pound contributed reporting