Here are the stocks that make stocks traded at noon.
Apollo Global Management – The privately held company’s shares reduced previous gains and fell more than 4% after the company announced it would merge with Athene Holding in a share transaction. The deal puts Athene Holdings, a retirement service company, at about $ 11 billion. The company’s shares increased by more than 6%.
General Electric – GE shares rose 5% in lunch trading after a report said the industrial company was approaching a $ 30 billion deal to combine its aircraft leasing business with AerCap Holdings of Ireland , as it seems to simplify its activity. The Wall Street Journal reported over the weekend that GE is close to an agreement to combine the largest remaining unit in GE Capital with a large lending operation. AerCap shares rose 15%.
GameStop – The shares of the video game retailer continued their volatile transactions on Monday, jumping by almost 40%. The company has announced that former Chewy executive Ryan Cohen will lead a committee to form the GameStop transition to e-commerce.
Delta Air Lines, American Airlines, Southwest and United Airlines – Airlines’ shares rose on Monday amid optimism about the Covid pandemic. The Senate passed a $ 1.9 trillion stimulus bill, and Covid vaccinations exceeded $ 3 million over the weekend. Shares of Delta Air Lines increased by more than 3%. US stocks rose 5%, while Southwest rose more than 4%. United Airlines earned over 6%.
McAfee – The shares of the cybersecurity company amounted to more than 14% in the lunch trading, following the news that it sold its business to the private group Symphony Technology Group for $ 4 billion in cash.
Disney – Media and the theme park grew by about 5% after California relaxed the Covid rules, paving the way for Disneyland to reopen to a limited extent in April. The Centers for Disease Control and Prevention also said that on Monday, people who were completely vaccinated against Covid-19 can meet safely indoors without masks, further raising hopes of reopening.
VF Corp – Clothing and footwear company shares rose nearly 4% after Pivotal Research updated the stock to buy from the holding. The Wall Street firm said that VF has a favorable configuration right now, after its North Face brand went through a transition.
Coca-Cola – Beverage stock rose 2.7% after RBC Capital Markets upgraded Coca-Cola to outperform the market. The company said in a note that the company should benefit from increased mobility, as Covid restrictions are eased around the world.