Cigna, Macy's rise; Southern Copper, RingCentral fall, Monday, 12/11/2023
By AP News - Dec 11, 2023, 12:33 PM ET
Last Updated - Dec 21, 2023, 11:55 AM EST
Stocks that are trading heavily or have substantial price changes on Monday: Cigna, Macy’s rise; Southern Copper, RingCentral fall
NEW YORK (AP) — Stocks that are trading heavily or have substantial price changes on Monday:
Cigna Group (CI), up $41.77 to $300.57.
Cigna announced a $10 billion stock buyback, and the Wall Street Journal reported that it’s no longer pursuing Humana.
Occidental Petroleum Corp. (OXY), up 13 cents to $56.60.
The energy company is buying oil and gas company CrownRock in a cash-and-stock deal valued at about $12 billion.
Shake Shack Inc. (SHAK), $5.37 to $66.35.
The burger chain said that CEO Randy Garutti will retire in 2024.
DoorDash Inc. (DASH), up $2.26 to $102.26.
The delivery company will join the Nasdaq 100 Index as of Dec. 18.
Macy’s Inc. (M), up $3.44 to $20.83.
The department store operator reportedly received a buyout offer from Arkhouse Management and Brigade Capital Management.
Southern Copper Corp. (SCCO), down 96 cents to $74.49.
The copper mining company slipped along with prices for the base metal.
Kontoor Brands Inc. (KTB), up $2.22 to $56.40.
The clothing company announced a $300 million stock buyback plan.
RingCentral Inc. (RNG), down $1.88 to $32.33.
The cloud-based phone system provider said CEO Tarek Robbiati resigned and Vlad Shmunis returned to the leadership role.