{"id":123785,"date":"2021-12-11T22:49:10","date_gmt":"2021-12-11T22:49:10","guid":{"rendered":"https:\/\/fin2me.com\/?p=123785"},"modified":"2021-12-11T22:49:10","modified_gmt":"2021-12-11T22:49:10","slug":"stocks-making-the-biggest-moves-midday-american-airlines-kohls-lucid-group-and-more","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/stocks-making-the-biggest-moves-midday-american-airlines-kohls-lucid-group-and-more\/","title":{"rendered":"Stocks making the biggest moves midday: American Airlines, Kohl's, Lucid Group and more"},"content":{"rendered":"
Check out the companies making headlines in midday trading.<\/em><\/p>\n Airlines \u2014 Airline stocks rose on Monday as stocks linked to the recovering economy boosted the major averages. American Airlines rose 10%, United Airlines added nearly 11%, and Delta Air Lines popped 8.6%. Alaska Air Group rallied 7%.<\/p>\n Cruise line and casino stocks \u2014 Norwegian Cruise Line rose 11% and Carnival rallied 10.4% as reopening plays charged higher. Las Vegas Sands gained more than 9%. MGM Resorts and Wynn Resorts rose 6.8% and 7.6%, respectively.<\/p>\n Kohl's \u2014 Shares of the retailer rallied 7.6% following news that activist investor Engine Capital is recommending that Kohl's consider either a sale of the company or a separation of its e-commerce business.\u00a0<\/p>\n GCP Applied Technologies \u2014 Shares of GCP Applied Technologies soared more than 16% after the maker of specialty construction chemicals agreed to be acquired by French construction company Saint-Gobain for $32 per share in cash, or about $32 billion.\u00a0<\/p>\n Lucid Group \u2014Shares of the electric vehicle start-up dropped about 7.3% after news that the company received a subpoena on Friday from the Securities and Exchange Commission "requesting the production of certain documents related to an investigation." Lucid is the latest EV start-up to go public via a SPAC deal to be investigated by the SEC.<\/p>\n Wells Fargo \u2014 Shares of Wells Fargo rallied more than 3% after Morgan Stanley upgraded the stock to overweight from equal weight. Morgan Stanley said Wells is the most asset-sensitive stock in its coverage and higher fed funds futures warrant an upgrade. The firm named Wells a top 2022 pick.<\/p>\n Spirit Airlines \u2014 Shares of the discount airline rallied 9% after Evercore ISI upgraded Spirit to outperform from in line. Evercore said in its upgrade that it sees "see strategic optionality as company execution and demand improve."<\/p>\n MicroStrategy \u2013 Shares of the business analytics software company dropped more than 5% on the heels of bitcoin's sell-off over the weekend. MicroStrategy holds billions of dollars' worth of bitcoin on its balance sheet, so the company's stock is sensitive to fluctuations in the world's largest cryptocurrency's price.<\/p>\n Alibaba \u2014 The Chinese internet giant's shares jumped 7.3% after the company announced a reorganization of its international and domestic e-commerce businesses. Alibaba also said it will replace its CFO.<\/p>\n Boston Beer \u2014 Shares of the beverage maker rose 7.6% after Cowen upgraded Boston Beer to market perform from underperform. Cowen said in its upgrade of the beer company that the valuation re-rating is likely complete.<\/p>\n \u2014 with reporting from CNBC's Yun Li, Pippa Stevens and Hannah Miao.<\/em><\/p>\n