Check out the companies that make headlines for trading at noon on Wednesday.
Victoria’s Secret — Victoria’s Secret’s share surged 12.2% after an announcement by an intimate apparel retailer $ 250 million accelerated stock repurchase program. The company also reaffirmed the fourth-quarter guidance provided in November, including last year’s fourth-quarter sales of $ 2.1 billion, up to a 3% increase in sales.
Didi — The stock price of a Chinese ride-hailing service company fell 8.2%, and the stock price continued to be a cruel month. Reuters reported Wednesday Didi plans to list its shares in Hong Kong in mid-2022 without issuing additional shares or raising additional capital.
Alibaba — Alibaba shares subsequently fell 2.4% Bloomberg reported Chinese e-commerce giant is considering selling a 30% stake in a social media company Weibo To the state-owned Shanghai Media Group. Weibo shares fell 4.3%.
American Airlines — Travel-related stocks struggled as Omicroncovid variants continued to influence market movements after rebounding in the last session. American Airlines fell 2.6%. United Airlines and Alaska Airlines each pulled back more than 1%.
Cal-Maine Foods — Cal-Maine Foods’ share fell 5.4% after egg producers reported weaker quarterly results than expected. The company earned 2 cents per share in the last quarter, well below Refinitiv’s 30-cent consensus estimate. Cal-Maine Foods reported that higher production and feed costs had a small impact on profits.
— CNBC’s Tanaya Macchel and Jesse Pound contributed to the report
Victoria’s Secret, Tesla, Diddy, etc.
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