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A worker cleans an escalator on Las Vegas Boulevard in Las Vegas, Nevada, the United States, Tuesday, March 17, 2020.
Joe Buglewicz | Bloomberg | Getty Images
Find out which companies are making the midday headlines.
Casino shares – Casino shares were under pressure for a second day on Wednesday amid heightened surveillance by the Macau government and as Chinese health authorities reported a Covid-19 outbreak. Wynn Resorts fell almost 8%, while MGM Resorts and Las Vegas Sands lost around 4%.
EOG Resources – Shares of the exploration and production company jumped more than 6% as commodity prices rallied on Wednesday. Each component of the S&P 500’s energy sector grew by at least 1%, with Occidental and Marathon Oil each increasing by more than 5%. Diamondback Energy increased by more than 6%. West Texas Intermediate crude futures, the benchmark for US oil, gained about 3% following a larger-than-expected draw on US inventories.
Weber – Shares of the grill maker have jumped more than 6% after releasing its first quarterly results since it began trading in August. Weber saw sales growth of 19% from the previous year and projected annual sales higher than Wall Street’s current forecast.
National Railway of Canada – Shares of the railway company rose 3.5% after the company announced that its proposed merger with Kansas City Southern had been officially canceled, with Canadian National scheduled to receive 1, $ 4 billion in termination fees. Kansas City Southern has now entered into a new merger agreement with Canadian Pacific. Those stocks both edged higher on Wednesday.
Just Eat Takeaway – Shares of the food delivery service company fell more than 4%. The drop came after Amazon and Deliveroo announced a partnership that will offer free UK food delivery to Amazon Prime members.
SoFi – Shares of the fintech company rose more than 5% after Mizuho started hedging with a buy note. The Wall Street firm assigned the stock a price target of $ 28 from Tuesday’s close of $ 14.50. Mizuho said he sees a cycle of “increased engagement, increased revenue and profit” for Sofi.
Sage Therapeutics – The drugmaker’s shares jumped more than 4% after the U.S. Food and Drug Administration granted it fast-track status for its investigational treatment for Huntington’s disease. Sage is expected to begin the second phase of a treatment trial before the end of the year.
Citrix Systems – Citrix shares rose more than 2% per day after Bloomberg News reported that the workplace software maker was working with advisers to consider a possible sale of the company. The company could end up deciding to remain independent, but will assess potential interest in the company over the next few weeks, according to the report.
Yum China – Yum China lost more than 6% after warning that the spread of the delta variant could affect its third quarter profits by 50% to 60%. The restaurant operator closed or limited service to more than 500 restaurants in August, due to the variant’s appearance in China, he said.
– CNBC’s Hannah Miao, Pippa Stevens, Maggie Fitzgerald, Jesse Pound and Yun Li contributed reporting
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