Black Friday Sale! Save huge on InvestingProGet up to 60% off

Midday Movers: Continental Resources, FedEx, Twitter and More

Published 14/06/2022, 18:32
© Reuters.
FDX
-
ORCL
-
CONG
-
MSTR
-
CLR
-
TWTR
-
FDXB34
-
TWTR34
-
BTC/USD
-
COIN
-

By Liz Moyer

Investing.com -- U.S. stocks wobbled on Tuesday ahead of the Federal Reserve's decision on interest rates. Here are the midday movers for June 14: 

  • Continental Resources Inc (NYSE:CLR) rose 14% after Chairman Harold Hamm offered $70 a share to buy up the remaining shares he and his family don't already own in the shale producer. Hamm and family hold 83% of the shares. The deal is valued at around $25 billion.
  • Oracle Corporation (NYSE:ORCL) shares rose nearly 9% after the cloud software provider reported better than expected revenue and profit and forecast 30% revenue growth in cloud computing in the 2023 fiscal year.
  • Twitter Inc (NYSE:TWTR) shares rose more than 2% after news that Elon Musk, who has offered to take the social network private for $44 billion, would address employees on Thursday during an "all-hands" meeting. 
  • FedEx Corporation (NYSE:FDX) shares jumped more than 14% after the company said it would raise its quarterly dividend by more than 50% and add two directors to its board after striking an agreement with hedge fund D.E. Shaw.
  • Coinbase Global Inc (NASDAQ:COIN) shares treaded water, down less than 0.1% at midday after the cryptocurrency exchange operator said it would cut 18% of its workforce as it prepares for a recession.
  • MicroStrategy Incorporated (NASDAQ:MSTR) shares rebounded 7%. Bloomberg reported the company saying it has enough collateral to meet a margin call on its Bitcoin holdings.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.