The AMC Empire 25 disconnected Times Square is unfastened arsenic New York City's cinemas reopen for the archetypal clip successful a twelvemonth pursuing the coronavirus shutdown, connected March 5, 2021.
Angela Weiss | AFP | Getty Images
Check retired the companies making headlines successful midday trading.
AMC Entertainment — Shares of the movie theatre concatenation surged 30%. On Friday, a judge blocked a projected settlement on the company's banal conversion plan, which would person allowed the institution to contented much shares to let it to wage down immoderate of its debt. Separately, AMC said it saw its biggest attendance and admissions gross successful a azygous play since 2019, nodding to the hype astir the "Barbenheimer" phenomenon.
IMAX — The amusement exertion institution jumped astir 6% arsenic Universal's "Oppenheimer" drove moviegoers to IMAX screens. B. Riley expert Eric Wold said the over-indexing of IMAX screens successful movie theatres coming retired of the pandemic reflects improving user request toward the format.
Mattel — The toymaker gained 1.9% coming disconnected the palmy opening play of "Barbie," the Warner Bros. movie based connected Mattel's iconic doll.
Chevron — The vigor banal jumped 2.8% aft the institution released a preview of its quarterly results that showed stronger-than-expected earnings. Chevron reported $3.08 a stock successful adjusted profit, which bushed Wall Street's $2.97-a-share statement estimate, according to Refinitiv. The company's committee is waiving the mandatory status property for main enforcement serviceman Mike Wirth, allowing the steadfast much clip to find a successor. Chevron besides named a caller CFO.
Knight-Swift Transportation — The freight proscription company's shares gained much than 1%. Late past week, the institution posted a weaker-than-expected fiscal update for the 2nd quarter. Knight-Swift reported adjusted net of 49 cents per stock connected gross of $1.55 billion. Analysts expected 55 cents per stock connected gross of $1.6 billion, according to Refinitiv.
Intuitive Surgical — The health-care banal declined 3.5%. Last week, the institution posted stronger-than-expected net and gross for its astir caller quarter. Intuitive Surgical reported adjusted net of $1.42 per stock connected gross of $1.76 billion. That was compared to estimates of $1.33 per stock connected gross of $1.74 billion, according to Refinitiv.
Domino's Pizza — Domino's Pizza shares roseate 1.6%. The fast-food concatenation reported mixed quarterly results, including adjusted net of $3.08 per share, beating analysts' predictions for $3.05 per share. Excluding the interaction from currency, Domino's said planetary retail income grew 5.8% during the period.
Becton Dickinson — The aesculapian exertion institution saw shares leap much than 6% aft Raymond James upgraded Becton Dickinson to outperform. The institution received clearance from the U.S. Food and Drug Administration for its updated BD Alaris infusion system, which helps show patients' captious signs and present medications, humor and different fluids.
Sirius XM — Shares of the audio amusement institution slid 14% aft Deutsche Bank downgraded the banal to merchantability from neutral, citing its valuation aft the stock terms doubled implicit the past month. The steadfast said the determination was driven by method factors, specifically precocious abbreviated interest, arsenic good arsenic buying from investors up of the Nasdaq rebalance.
Spotify — The euphony streaming company's shares dropped 5.5% after Spotify announced price increases for its premium subscription plans. The institution is scheduled to study its quarterly net Tuesday earlier the bell.
Gilead Sciences — Shares of the biopharmaceutical steadfast dropped 4%. On Friday, the institution said it would discontinue its late-stage proceedings of a humor crab treatment. Gilead noted it does not expect gross from the attraction for 2023 and that associated 2023 operating disbursal reductions would beryllium immaterial.
Estee Lauder — The quality institution saw its shares autumn 1.4% aft Piper Sandler downgraded the banal to neutral from overweight, citing expectations for slower China betterment tailwinds, weakening marketplace stock and little marque penchant among teenage consumers.
— CNBC's Hakyung Kim, Yun Li, Alex Harring and Samantha Subin contributed reporting
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