Below are the shares that appear in the headlines of the noon trading.
Apollo Global Management – The shares of the private equity firm returned previous gains and fell more than 4% after the company announced it would merge with Athene Holding in a securities transaction. The deal values Athene Holdings, a retirement services company, at around $ 11 billion. The company’s shares rose more than 6%.
General Electric – GE shares rose 5% in midday trading after a report said the industrial company was approaching a more than $ 30 billion deal to combine its aircraft rental business with AerCap Holdings of Ireland as it seems to simplify its business. The Wall Street Journal reported over the weekend that GE is close to a deal to merge GE Capital’s remaining largest unit once a major lending operation. Shares of AerCap jumped 15%.
GameStop: The shares of the video game retailer continued its volatile trading on Monday, jumping close to 40%. The company announced that former Chewy executive Ryan Cohen will lead a committee to shape GameStop’s transition to e-commerce.
Delta Air Lines, American Airlines, Southwest and United Airlines— Airlines’ shares rose Monday amid optimism over the Covid pandemic. The Senate approved a $ 1.9 trillion stimulus bill and vaccines against Covid topped $ 3 million over the weekend. Shares of Delta Air Lines rose more than 3%. US stocks rose 5%, while the Southwest rose more than 4%. United Airlines gained more than 6%.
McAfee – Shares of the cybersecurity company rose more than 14% in the noon trade following news that it sold its privately owned business to Symphony Technology Group for $ 4 billion in cash.
Disney: Media and amusement parks jumped about 5% after California relaxed Covid’s rules, paving the way for Disneyland’s limited reopening in April. The Centers for Disease Control and Prevention also said Monday that people who have been completely vaccinated against Covid-19 can safely gather inside without masks, further boosting reopening hopes.
VF Corp – The clothing and footwear company’s shares rose about 4% after Pivotal Research updated the shares to buy them on hold. The Wall Street firm said VF has a favorable setup right now after its North Face brand went through a transition.
Coca-Cola: Beverage shares rose 2.7% after RBC Capital Markets upgraded Coca-Cola to outperform the market. The firm said in a note that the company should benefit from increased mobility as Covid restrictions are reduced around the world.