Final hours! Save up to 55% OFF InvestingProCLAIM SALE

Midday Movers: Ford Motor, Gap, Change Healthcare and More

Published 20/09/2022, 19:16
© Reuters.
GM
-
F
-
GAP
-
UNH
-
IXIC
-
APOG
-
GPSI34
-
CHNG
-
HTZ
-

By Liz Moyer

Investing.com -- U.S. stocks fell Tuesday at the start of the Federal Reserve's two-day monetary policy meeting. Here are the midday movers for Sept. 20:

  • Ford Motor Company (NYSE:F) shares fell 11% after the automaker said its third-quarter costs had risen more than expected and parts shortages mean it will have more unfinished vehicles at the end of the period.
  • Gap Inc (NYSE:GPS) shares fell 4.4% on reports the casual clothing retailer plans to cut 500 corporate office jobs as it tries to readjust from the pandemic.
  • Change Healthcare Inc (NASDAQ:CHNG) shares rose 6.6% after a judge blocked the Justice Department's request to block its acquisition by United HealthCare. UnitedHealth Group Incorporated's (NYSE:UNH) shares fell 0.8%.
  • Hertz Global Holdings (NASDAQ:HTZ) shares fell 2.7% after it announced a plan to buy 175,000 electric vehicles from General Motors Company (NYSE:GM). GM shares fell 5%.
  • Apogee Enterprises Inc (NASDAQ:APOG) shares rose 4% after the building materials maker raised its full-year earnings forecast.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.