{"id":70909,"date":"2023-10-10T07:52:30","date_gmt":"2023-10-10T11:52:30","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/exxon-lockheed-northrop-delta-mirati-alnylam-solaredge-and-more-stock-market-movers\/"},"modified":"2023-10-10T07:52:33","modified_gmt":"2023-10-10T11:52:33","slug":"exxon-lockheed-northrop-delta-mirati-alnylam-solaredge-and-more-stock-market-movers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=70909","title":{"rendered":"Exxon, Lockheed, Northrop, Delta, Mirati, Alnylam, SolarEdge, and More Stock Market Movers"},"content":{"rendered":"
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Markets reversed earlier losses to close in the green on Monday despite the conflict in the Middle East as investors turned their focus to inflation commentary.\u00a0Bond markets in the U.S. were closed for Columbus Day.<\/p>\n

These stocks made moves on Monday:\u00a0<\/p>\n

\n

\n Exxon Mobil
\n (ticker: XOM) rose 3.4%,
\n Chevron
\n (CVX) gained 2.8%,
\n ConocoPhillips
\n (COP) rose 5.7%, and U.S.-listed shares of
\n Shell
\n (SHEL) were up 2.5% after the jump in oil prices. Futures for West Texas Intermediate crude, the U.S. benchmark, were rising 4.3% to $86.35 a barrel. Traders were watching how the conflict affects oil production in the Middle East.\u00a0<\/p>\n

\n Lockheed Martin
\n (LMT) rose 8.9% and shares of other defense companies such as RTX Corp. (RTX), up 4.6%, and Northrop Grumman (NOC), up 11%, also traded higher following Israel\u2019s war with Hamas. Northrop was the top-performing stock in the
\n S&P 500
\n on Monday.<\/p>\n

Separately,
\n Lockheed
\n \u2018s board on Friday approved the expansion of Lockheed\u2019s stock repurchase program by $6 billion, and the company raised its quarterly dividend to $3.15 a share from $3.<\/p>\n

\n Delta Air Lines
\n (DAL) fell 4.7%,
\n American Airlines
\n (AAL) was down 4.1%, and
\n United Airlines
\n (UAL) declined 4.9% as the carriers halted flights to and from Israel after weekend attacks from Gaza, with terror group Hamas directly threatening Ben Gurion Airport. Other travel-related stocks, like cruise operator
\n Carnival
\n (CCL), also tumbled. Carnival dropped 4.3%.<\/p>\n

Shares of
\n Mirati Therapeutics
\n (MRTX) fell 5.3% to $57.02 after the oncology therapy developer reached an agreement to be acquired by
\n Bristol Myers Squibb
\n (BMY) for $58 a share in cash. Mirati shares closed Friday at $60.20. Under terms of the deal, valued at up to $5.8 billion, Mirati stockholders also will receive one non-tradeable contingent value right per share, potentially worth $12 a share in cash. Bristol Myers slid 0.1%.<\/p>\n

\n Walt Disney
\n (DIS) rose 2.1%. The Wall Street Journal reported that Nelson Peltz\u2019s Trian Fund Management was pushing for multiple seats on the board of the entertainment giant. Peltz himself will be seeking a seat, the Journal reported, citing people familiar with the matter.\u00a0Trian is one of Disney\u2019s largest investors with a stake worth upward of $2.5 billion. Disney shares have fallen 2.5% this year.<\/p>\n

\n Alnylam Pharmaceuticals
\n (ALNY) fell 4.9% after the company said it would no longer pursue an expanded indication for patisiran as a treatment for the cardiomyopathy of transthyretin-mediated (ATTR) amyloidosis after the Food and Drug Administration issued a so-called complete response letter.<\/p>\n

\n Spotify Technology
\n (SPOT) was down 2.5% to $156.53 after analysts at Redburn Atlantic downgraded the stock to Neutral from Buy and reduced their price target to $160 from $170.<\/p>\n

\n SolarEdge Technologies
\n (SEDG) was down 3.8%. A
\n Barclays
\n analyst last week predicted continued hard times for the maker of solar inverters and downgraded the stock to Equal Weight from Overweight.<\/p>\n

\n Zscaler
\n (ZS) rose 3.2% after the cybersecurity stock was upgraded to Overweight from Equal Weight at Barclays.<\/p>\n

Write to Joe Woelfel at\u00a0joseph.woelfel@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Markets reversed earlier losses to close in the green on Monday despite the conflict in the Middle East as investors turned their focus to inflation commentary.\u00a0Bond markets in the U.S. were closed for Columbus Day. These stocks made moves on Monday:\u00a0 Exxon Mobil (ticker: XOM) rose 3.4%, Chevron (CVX) gained 2.8%, ConocoPhillips (COP) rose 5.7%, […]<\/p>\n","protected":false},"author":1,"featured_media":62849,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-70909","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nExxon, Lockheed, Northrop, Delta, Mirati, Alnylam, SolarEdge, and More Stock Market Movers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Markets reversed earlier losses to close in the green on Monday despite the conflict in the Middle East as investors turned their focus to inflation\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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