Stocks making the biggest moves midday: Kohl’s, Royal Caribbean, Discovery and more

SourceCNBC
SectorFinancial Markets
CountryMiddle east

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...read more...