Midday movers: American Airlines, Logitech, Walt Disney and more

  • Investing.com
  • Stock Market News
Midday movers: American Airlines, Logitech, Walt Disney and more
Credit: © Reuters.

By Liz Moyer

Investing.com -- Stocks rallied on Thursday after the December inflation report showed prices cooling in line with expectations. Here are the midday movers for Jan. 12.

  • American Airlines Group (NASDAQ: AAL ) shares rose 9.3% after it raised its outlook for fourth-quarter earnings and revenue, citing a robust holiday travel season, with strong demand and higher fares boosting results.
  • Logitech (SIX: LOGN ) International SA (NASDAQ: LOGI ) shares fell 16.9% after the maker of keyboards and other computer equipment said preliminary net sales for the December quarter dropped 22% to 23%, and preliminary adjusted operating earnings were down 33% to 34% compared with the same quarter a year earlier.
  • Walt Disney Company (NYSE: DIS ) stock rose 3.9% after activist investor Nelson Peltz' Trian Partners launched a proxy fight at the entertainment giant, seeking to gain a board seat. Trian has 9.4 million Disney shares, or about $900M, according to a regulatory filing.

  • KB Home (NYSE: KBH ) stock fell 2% after the home builder reported worse-than-expected fourth-quarter profit, with net orders down sharply from the same period a year earlier, amid the ongoing housing market slump.

  • Cinemark Holdings Inc (NYSE: CNK ) stock rose 8.8% after the movie theater chain got an upgrade by JPMorgan, which raised its rating to Overweight from Neutral.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or