Stocks making the biggest moves midday: Cognizant, American Airlines, Logitech and more
Publishing timestamp: 2023-01-12 17:39:35
Summary
Several public companies saw their stocks rise or fall in midday trading. Cognizant rose 8% after raising its fourth-quarter revenue guidance and naming a new CEO. American Airlines rose more than 7% after boosting its revenue and profit estimates for the fourth quarter. Logitech International fell more than 16% after announcing declining sales and earnings. Disney rose 4.1% after announcing a new chairman and opposing Nelson Peltz of Trian. Hewlett Packard Enterprise fell 2.3% following its acquisition of a startup. KB Home slipped 2.8% after earnings fell short of expectations. Tesla fell 2% following reports of a capacity expansion being put on hold. Energy stocks rose as oil prices got an extended boost. Caterpillar rose 2.4% after being added to JPMorgan's focus list. Bed Bath & Beyond rallied 18% after meme stocks surged Wednesday.
Sentiment: MIXED
Tickers: DVN, SLB, CTSH, TSLA, HES, OXY, AAL, MPC, HAL, LOGI, KBH, CTRA, DIS, HPE, CAT, BBBY,
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