AA, NIO, WSM, CHEF, etc.
Rolled aluminum is sold by Alcoa Inc. in Riverdale, Iowa. It feeds machines on an automated processing line at the Davenport Works aluminum facility.
Daniel Acker | Bloomberg | getty images
See which companies are making headlines in midday trading.
alcoa — Shares of aluminum stock fell 6.1% after the company announced that Vice President William Oplinger will succeed Roy Harvey as CEO and president. Oplinger also joined Alcoa’s board of directors, the company added.
Nio — The Chinese electric car company’s U.S.-traded shares fell about 2.3%. The stock pared early losses it incurred after the company denied media reports that Nio was considering raising up to $3 billion in capital from investors. Nio said it currently has no reportable capital raising activity.
Rioto — The Chinese EV company’s U.S.-traded shares fell 10% after news that Huawei had made moves in an increasingly competitive sector. The telecom giant unveiled two new electric vehicles – first a sedan and then a luxury SUV – at a launch event on Monday. Huawei partners with car manufacturers to sell cars under the Aito brand.
GE Healthcare Technologies — Medical technology stocks rose 3.3%. On Friday, GE Healthcare announced a cash dividend of 3 cents per share for the third quarter. The dividend is scheduled to be paid on November 15 to shareholders of record as of October 20.
Williams-Sonoma — Shares of the home products company rose 11.6% after Green Equity Investors, an affiliate of investment firm Leonard Green and Partners, disclosed a 5% stake in Williams-Sonoma. Securities filings disclosing the position indicated it was a passive investment.
Dow Corporation — Shares rose about 1.7% after JPMorgan upgraded the petrochemical company from neutral to overweight, citing potential upside from rising oil prices.
open door technology — The real estate company fell nearly 5.5% after Citi lowered its price target to $2.70 from $3.90. Citi said the reason for concern is the low number of existing homes on the market.
JD.com — U.S.-listed Chinese e-commerce stocks fell 2.1% amid growing concerns about the country’s economic situation. Central bank officials said on Sunday there was little room to ease monetary policy further and that the economy needed major reforms instead.
sealed air — Food packaging stocks rose 3.6% after Citi upgraded to buy from neutral. The company said its valuation is at a discount and third-quarter results could be a catalyst.
Chef’s Warehouse — The specialty food retailer rose 1.6% after UBS initiated coverage of the stock at Buy. UBS said the company has an attractive business model even if it faces near-term challenges.
Hudson Technologies — The reseller of sustainable refrigerant products rose 5.8% after Canaccord Genuity initiated coverage of the stock with a Buy rating. The company said its value is likely undervalued and that it should receive help as refrigerant recovery gains popularity.
— CNBC’s Yun Li, Jesse Pound, Pia Singh, Brian Evans and Hakyung Kim contributed reporting.
