The Fluor Corporation logo displayed on a smartphone.
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Check out the companies making headlines in afternoon trading.
Fluor Corporation – The engineering and construction company gained 2.4% after UBS upgraded Fluor shares to buy. The Wall Street firm is bullish on Fluor after reaching an agreement to complete new projects.
CARNIVAL – Cruise line stocks rose as a group during afternoon trading. CARNIVAL And Norwegian Cruise Line Added 2.8% and 3.9% respectively. Royal Caribbean Shares gained about 3%. These steps were taken after the huge fall in oil prices.
Sunnova Energy, sunrun — Sunnova Energy rose 2.2% after Truist downgraded solar shares from a buy rating to a buy rating, citing near-term concerns from rising interest rates, while Sunrun declined 1.1%.
Cal-Maine Foods – Shares fell 7.3% after the egg producer provided a weak earnings report citing a dynamic market environment. The company reported fiscal first-quarter earnings of 2 cents per share, below the consensus estimate of 33 cents per share from analysts surveyed by FactSet.
intel — The chip maker rose a modest 0.7% after Intel said its programmable chip unit will be a stand-alone business, with an initial public offering planned within the next two to three years.
dexcominsulate – diabetes names dexcom and insulating fell by 3.5% and 3% respectively after Study GLP-1, a class of popular weight-loss drugs, may affect basal insulin requirements, a report released Tuesday suggests. separate, insulated Said Wade McMillan will step down as chief financial officer on Tuesday.
Energy Stocks – Energy stocks declined as a group during afternoon trading on Wednesday as oil prices fell more than $3 a barrel. Marathon Petroleum While shares were down 3.7% philips 66 Shares fell 4.5%.
— CNBC’s Alex Haring and Samantha Subin contributed reporting.
(TagstoTranslate)Business(T)Breaking News: Markets(T)Stock Market(T)Economy(T)Markets(T)Market Insider(T)Fluor Corp(T)Carnival Corp(T)Intel Corp(T)Moderna Inc( T)Dexcom Inc.(T)Insulate Corp.(T)Marathon Petroleum Corp.(T)Phillips 66(T)Sunnova Energy International Inc.(T)Sunrun Inc.(T)Cal-Main Foods Inc.(T)Norwegian Cruise Line Holdings Ltd.(T) ) )Royal Caribbean Cruises Ltd. (T)Business News