Midday Movers: Kellogg, Tesla, Spirit Airlines and More

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Midday Movers: Kellogg, Tesla, Spirit Airlines and More
Credit: © Reuters.

By Liz Moyer

Investing.com -- U.S. stocks roared back on Monday after last week's losses. Here are the midday movers for June 21: 

  • Kellogg Company (NYSE: K ) shares rose 3% after the company announced plans to split into three different companies, including a U.S. cereal maker, a snack and international cereal maker and a plant-based food operation.
  • Tesla Inc (NASDAQ: TSLA ) shares jumped more than 11% after CEO Elon Musk said job cuts at the electric vehicle maker would lead to a reduction of about 3.5% of total headcount.
  • Spirit Airlines Inc (NYSE: SAVE ) stock rose more than 9% after JetBlue raised its offer for the discount carrier by $2 a share. JetBlue's offer competes with one from Frontier Group (NASDAQ: ULCC ), and Spirit has said it would decide between the two by the end of June.
  • Charles Schwab Corp (NYSE: SCHW ) stock rose 4.7% after analysts from UBS called it a buy, saying the brokerage is insulated from credit and market risk.
  • Exxon Mobil Corp (NYSE: XOM ) shares rose more than 7% after Credit Suisse (SIX: CSGN ) raised its rating to outperform, calling the exploration and production company well-positioned for the rise in oil prices.
  • Mondelez International Inc (NASDAQ: MDLZ ) stock rose 1.4% after the Oreo cookie maker announced plans to buy energy bar maker Clif Bar for $2.9 billion.

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