Midday Movers: Kellogg, Tesla, Spirit Airlines and More

2022.06.21 20:31

By Liz Moyer

Investing.com — U.S. stocks roared back on Monday after last week’s losses. Here are the midday movers for June 21: 

• Kellogg Company (NYSE:K) shares rose 3% after the company announced plans to split into three different companies, including a U.S. cereal maker, a snack and international cereal maker and a plant-based food operation.
• Tesla Inc (NASDAQ:TSLA) shares jumped more than 11% after CEO Elon Musk said job cuts at the electric vehicle maker would lead to a reduction of about 3.5% of total headcount.
• Spirit Airlines Inc (NYSE:SAVE) stock rose more than 9% after JetBlue raised its offer for the discount carrier by $2 a share. JetBlue’s offer competes with one from Frontier Group (NASDAQ:ULCC), and Spirit has said it would decide between the two by the end of June.
• Charles Schwab Corp (NYSE:SCHW) stock rose 4.7% after analysts from UBS called it a buy, saying the brokerage is insulated from credit and market risk.
• Exxon Mobil Corp (NYSE:XOM) shares rose more than 7% after Credit Suisse raised its rating to outperform, calling the exploration and production company well-positioned for the rise in oil prices.
• Mondelez International Inc (NASDAQ:MDLZ) stock rose 1.4% after the Oreo cookie maker announced plans to buy energy bar maker Clif Bar for $2.9 billion.

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