Friday, September 22, 2023
Homemarket insiderMidday movers: Freeport-McMoRan, BP, Netflix & more

Midday movers: Freeport-McMoRan, BP, Netflix & more

Take a look at some of Wednesday's midday movers:

Freeport-McMoRan – The miner and Southern Copper plummeted as copper prices fell to a more-than five-year low.

Exxon Mobil -The oil producer, Chevron, Hess and BP fell as crude wavered.

Goldman Sachs Group – The bank and others including Citigroup, and Bank of America dropped after JPMorgan Chase's weaker-than-expected quarterly earnings.

Wells Fargo – The bank dropped after its quarterly earnings failed to impress investors.

Netflix – The online-video service held steady after Stifel Nicolaus upgraded the stock to buy from hold.

American Axle & Manufacturing Holdings – The maker of axles and other automotive parts rose after it targeted an 11 percent increase in annual sales for 2015.

GoPro – The maker of wearable cameras rose as JMP repeated its market outperform rating.

Foot Locker – The shoe retailer fell after Goldman Sachs downgrade the stock to sell from neutral. Rival Finish Line also dropped.

General Motors – The auto manufacturer declined after its finance chief said there were no plans to raise GM's dividend this year.

Tesla Motors – The electric-car maker dropped as founder Elon Musk said the company won't be profitable until 2020.

Continental Resources The oil-exploration company fell after saying in a regulatory filing CEO Harold Hamm had pledged a quarter of his company shares as collateral for a personal loan.

Family Dollar Stores – The discount retailer fell as proxy advisory firm ISS advised shareholders to vote for an acquisition by Dollar Tree.


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