Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Midday Movers: DuPont de Nemours, Estee Lauder, Paramount Global and More

Published 02/11/2022, 18:02
Updated 02/11/2022, 18:02
© Reuters.

© Reuters.

By Liz Moyer

Investing.com -- Stocks were lower ahead of the Federal Reserve's interest rate decision this afternoon. Here are the midday movers for Nov. 2:

  • Dupont de Nemours Inc (NYSE:DD) shares rose 4.5% after the chemicals giant called off its $5.2 billion acquisition of specialty materials company Rogers (NYSE:ROG), citing the inability to obtain all the required regulatory approvals. Rogers shares fell 44%.

  • Estee Lauder Companies Inc (NYSE:EL) shares fell 9% after the cosmetics maker cut its profit outlook, citing the strength of the dollar, supply chain issues, and Covid-related disruptions in China.

  • Paramount Global (NASDAQ:PARAA) shares tumbled 10% after it missed estimates on earnings for the third quarter as advertising revenue fell 3% in its television business. Streaming subscribers reached 46 million.

  • Chegg Inc (NYSE:CHGG) shares rose 24% after the online educator said third quarter profit beat expectations and it raised is outlook. It had 4.8 million subscribers, up 9% from the same time last year.

  • Dine Brands Global Inc (NYSE:DIN) shares rose 1.5% after the parent of iHop and Applebees restaurant chains said same store sales rose 3.8% in the third quarter, helping it beat expectations for earnings and revenue.

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.