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.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

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

Error: File type not supported

Drop an image here or

100
Please try another search