Midday Movers: Kellogg, Tesla, Spirit Airlines and More

  • Investing.com
  • Stock Market News
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.

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