Stocks making the biggest moves midday: Kohl’s, Royal Caribbean, Discovery and more
- Date: 22-Feb-2021
- Source: CNBC
- Sector:Financial Markets
- Country:Middle East
Stocks making the biggest moves midday: Kohl’s, Royal Caribbean, Discovery and more
Here are the companies making headlines in midday trading.
Kohl's Corporation - The retailer's shares jumped more than 9% after a group of activist investors nominated nine directors for the company's board, while also pushing for other changes. Together the group holds a 9.5% stake in Kohl's. The proposed changes could lead to as much as $8 billion in savings, according to the group. The investors previously pushed for change at Bed Bath & Beyond.
Royal Caribbean - The cruise stock jumped more than 10% after Royal Caribbean said that future bookings are coming in at similar volumes and with higher average prices than pre-pandemic results. The company also reported a smaller-than-expected loss for the fourth quarter, based on analyst estimates compiled by Refinitiv.
Discovery - The media stock jumped more than 9% after the company said it expects to have 12 million subscribers for its new streaming service by the end of the month. Discovery's fourth-quarter earnings and revenue beat Wall Street expectations, according to FactSet.
American Airlines, United, Delta - Airline stocks jumped in unison after Deutsche Bank upgraded the airline industry to a buy rating, saying the group is "back on track" amid an economic recovery from the pandemic-induced recession. "We