These are some of the stocks posting the largest moves in midday trading.
heck out the companies making headlines in midday trading. JetBlue – Shares sank 13% after the airline said it plans to sell $400 million of five-year convertible senior notes. Hawaiian Electric Industries – Shares plummeted more than 16% after the utility said it does not yet have a financing plan for the $1.7 billion Maui windstorm and wildfire settlement payment. Hawaiian Electric also reported a consolidated net loss of $1.3 billion, or $11.
Analysts polled by FactSet had estimated 56 cents per share on $229 million in revenue. Marathon Digital – The cryptocurrency miner fell about 7% after announcing a $250 million private debt offering of seven-year notes. Starbucks – The coffee chain jumped nearly 4% after the Wall Street Journal reported that activist investor Starboard Value, led by Jeff Smith, has built a stake.
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