{"id":132344,"date":"2021-07-15T16:56:17","date_gmt":"2021-07-15T16:56:17","guid":{"rendered":"https:\/\/precoinnews.com\/?p=132344"},"modified":"2021-07-15T16:56:17","modified_gmt":"2021-07-15T16:56:17","slug":"stocks-making-the-biggest-moves-midday-amc-entertainment-delta-morgan-stanley-and-more","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/stocks-making-the-biggest-moves-midday-amc-entertainment-delta-morgan-stanley-and-more\/","title":{"rendered":"Stocks making the biggest moves midday: AMC Entertainment, Delta, Morgan Stanley and more"},"content":{"rendered":"
Here are the stocks making notable moves on Thursday, July 15:<\/em><\/p>\n AMC Entertainment \u2013 Shares of the movie theater chain rebounded more than 6% to around $35 apiece after shedding 15% in the previous session. The price of the meme stock has been cut in half from\u00a0its all-time high of $72.62 in early June.\u00a0The shares have fallen about 37% in July alone amid a pullback in speculative names. GameStop, the original meme stock, is down nearly 25% this month.<\/p>\n Morgan Stanley \u2013 The bank's shares added nearly 1% after the bank's\u00a0second-quarter earnings report\u00a0beat expectations, boosted by strong equities trading and investment banking results. The bank posted earnings of $1.85 per share on revenues of $14.8 billion. Analysts had expected earnings of $1.65 per share on revenues of $13.9 billion.<\/p>\n Delta Air Lines \u2013 The airline stock jumped nearly 2.5% after Raymond James upgraded Delta to strong buy from market perform. The investment firm said in a note to clients that there was more clarity about costs after the company's recent earnings report.<\/p>\n Teleflex \u2013 The health care company's shares fell more than 11% amid concern about a proposed federal reimbursement cut for a Teleflex urology product. KeyBanc said in a note to clients that the proposal "creates additional uncertainty around TFX's most visible growth driver."<\/p>\n U.S. Bancorp \u2013 Shares of U.S. Bancorp rose more than 4% after the company reported better than expected quarterly earnings of $1.28 per share Thursday morning, beating analysts' estimates by 14 cents per share. The company also beat revenue estimates, delivering $5.78 billion for the second quarter.<\/p>\n Truist Financial \u2013 The bank stock jumped 3% after Truist beat expectations on the top and bottom lines for the second quarter, with the release of loan loss reserves boosting profit. The financial company earned $1.55 in adjusted earnings per share on $5.65 billion in revenue. Analysts surveyed by Refinitiv were expecting $1.19 in earnings per share and $5.48 billion in revenue.<\/p>\n American International Group \u2013 The insurance stock rose about 3% after AIG announced a deal with Blackstone to sell its affordable housing assets and an equity stake in its Life & Retirement insurance business to the asset management giant. Blackstone will also become a strategic asset management partner for AIG as part of the deal.<\/p>\n NortonLifeLock \u2013 Shares of the cybersecurity company slumped more than 3% after Norton said it was in advanced talks with Avast, a security software company based in London, about a potential acquisition.<\/p>\n -CNBC's Hannah Miao, Yun Li and Tanaya Macheel contributed reporting.<\/em><\/p>\n Become a smarter investor with\u00a0CNBC Pro<\/strong>.\u00a0
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