![](https://platoaistream.net/wp-content/uploads/2022/01/stocks-making-the-biggest-moves-midday-ford-snap-virgin-galactic-and-more.jpg)
Newly manufactured Ford Motor Co. 2021 F-150 pick-up trucks are seen waiting for missing parts in Dearborn, Michigan, March 29, 2021.
Rebecca Cook | Reuters
Check out the companies making headlines in midday trading.
Ford — Shares jumped about 4% as the automaker’s market cap topped $100 billion for the first time Thursday. The rally comes as the company plans to increase electric vehicle production, including the Mustang Mach-E crossover and an upcoming electric version of its best-selling F-150 pickup. Deutsche Bank also named Ford one of its top 2022 auto stock picks.
Delta Air Lines – The airline’s stock rose about 3% in midday trading after beating on the top and bottom lines of its quarterly results. Delta earned an adjusted 22 cents per share on revenue of $9.47 billion. Wall Street expected adjusted earnings of 14 cents per share on revenue of $9.21 billion, according to Refinitiv. The company also said it expects to turn a profit in 2022.
Boeing – Shares gained 3% after Chinese aviation regulators issued a directive to bring the aircraft maker’s 737 Max back to the skies. The planes have been grounded for more than two and a half years, after the second of two fatal crashes.
KB Home – The homebuilder’s stock soared 14% after reporting better-than-expected quarterly results. KB Home reported earnings of $1.91 per share, topping estimates of $1.77 per share, according to Refinitiv. KB Home also issued a positive outlook for 2022.
Snap – Shares fell more than 6% after Cowen downgraded the social media stock to market perform. The firm said Snap should continue to face challenges from Apple’s privacy rules.
Virgin Galactic – The stock plunged 18.2% after the space tourism company announced plans to raise up to $500 million in debt. The company intends to raise $425 million from the sale of 2027 convertible senior notes through a private offering, with an additional $75 million option also expected to be granted to buyers.
Moderna – The vaccine maker saw its shares fall 4.3% after the company said it expects to report data from its Covid-19 vaccine trials involving 2- to 5-year-olds by March. The company could file for approval to vaccinate that age group if the data is supportive, it said in a statement.
Virgin Orbit – Shares jumped more than 4% as the company was set for a satellite launch mission Thursday afternoon.
Taiwan Semiconductor – Shares rose 6.9% after the chipmaker’s fourth-quarter profit and revenue topping beat StreetAccount consensus estimates. The company also issued an upbeat outlook.
Halliburton – The energy giant rose 2.5% to a new 52-week high after JPMorgan upgraded the stock to overweight from neutral. “We see more earnings upside and a more attractive relative valuation under our ‘normalized’ framework,” JPMorgan said.
Mattel – Shares gained more than 3% after MKM upgraded the toymaker to buy from neutral. “We look for continued positive momentum from Mattel’s product portfolio in 2022,” MKM said.
— CNBC’s Maggie Fitzgerald, Pippa Stevens and Tanaya Macheel contributed reporting
- "
- 11
- 2021
- 2022
- 77
- About
- According
- Additional
- aircraft
- airline
- announced
- Apple
- auto
- aviation
- Bank
- Biggest
- Billion
- buy
- challenges
- chinese
- CNBC
- Companies
- company
- Consensus
- continue
- contributed
- could
- COVID-19
- data
- Delta
- Deutsche Bank
- Earnings
- Electric
- electric vehicle
- energy
- estimates
- expects
- Face
- Firm
- First
- first time
- Ford
- Framework
- Group
- Headlines
- High
- Home
- HTTPS
- Including
- Increase
- IT
- JPMorgan
- launch
- maker
- Making
- manufactured
- March
- Market
- Market Cap
- Media
- Michigan
- million
- Momentum
- more
- moves
- offering
- Option
- Outlook
- Planes
- portfolio
- privacy
- private
- Product
- Production
- Profit
- raise
- rally
- refinitiv
- report
- Results
- revenue
- rules
- sale
- set
- Share
- Shares
- Snap
- Social
- social media
- Space
- Statement
- stock
- Stocks
- street
- Through
- time
- top
- Tourism
- Trading
- Trucks
- Vaccine
- Valuation
- vehicle
- version
- Virgin
- Wall Street
- years