Check out the companies making headlines in midday trading. Xerox — Xerox shares sank more than 9% after the digital printing company announced plans to cut 15% of its workforce in the first quarter as part of a broader restructuring effort. SoFi Technologies — The financial technology stock tumbled more than 13% following a downgrade by Keefe, Bruyette & Woods to underperform from market perform. The firm cited SoFi’s recent outperformance, as well as concerns that slower origination growth and technology revenues will weigh on the lender’s earnings. Charles Schwab — Charles Schwab dropped nearly 4% after Goldman Sachs downgraded the brokerage firm to neutral from buy, saying that the lower rate outlook could pressure earnings. PGT Innovations — The maker of windows and doors added 3% after announcing an unsolicited buyout offer from Miter Brands valuing the company at $41.50 per share in cash. That’s above the $41 per share deal previously reached with Masonite International. Apple — The iPhone maker’s stock lost nearly 1%, building on its more than 3% loss from the previous session . Suncor Energy — Shares of the Canada-based energy company rose about 5% after reporting fourth-quarter upstream production figures that topped Wall Street’s estimates. The company also said December was its best month ever and upstream production averaged 900,000 barrels per day. AST SpaceMobile — Shares of the space broadband company ga …
Article Attribution | Read More at Article Source
[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading. Xerox — Xerox shares sank more than 9% after the digital printing company announced plans to cut 15% of its workforce in the first quarter as part of a broader restructuring effort. SoFi Technologies — The financial technology stock tumbled more than 13% following a downgrade by Keefe, Bruyette & Woods to underperform from market perform. The firm cited SoFi’s recent outperformance, as well as concerns that slower origination growth and technology revenues will weigh on the lender’s earnings. Charles Schwab — Charles Schwab dropped nearly 4% after Goldman Sachs downgraded the brokerage firm to neutral from buy, saying that the lower rate outlook could pressure earnings. PGT Innovations — The maker of windows and doors added 3% after announcing an unsolicited buyout offer from Miter Brands valuing the company at $41.50 per share in cash. That’s above the $41 per share deal previously reached with Masonite International. Apple — The iPhone maker’s stock lost nearly 1%, building on its more than 3% loss from the previous session . Suncor Energy — Shares of the Canada-based energy company rose about 5% after reporting fourth-quarter upstream production figures that topped Wall Street’s estimates. The company also said December was its best month ever and upstream production averaged 900,000 barrels per day. AST SpaceMobile — Shares of the space broadband company ga …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
