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GM and Ford sales disappoint in December; Delta and FireEye soar

Hot Stock Minute

Hertz (HTZ) shares popped earlier today after reports came out that billionaire activist investor Carl Icahn has taken a major stake in the car rental company, buying 30 million to 40 million shares. The company gave back all the gains throughout the session and ended the day marginally lower.

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General Motors (GM) saw its stock fall more than 3% to 39.56 a share after reporting that U.S. Vehicle sales in December fell 6.3% to 230,157 from a year ago. For the year though, GM sales rose 7.3%, with the Chevrolet brand leadin the way.

Ford (F) missed December sales expectations of a 4.3% rise after reporting an increase of only 2%, but ended the day marginally higher.

Shares of Delta Air Lines (DAL) closed up more than 5.5% after it reported strong gains in its December traffic. Consolidated passenger unit revenue rose 10% in December while passenger traffic rose 6.9% and portion of seats filled went up to 85.2% from 82.7%.

FireEye (FEYE) continued its strong surge today. After jumping close to 23% in after-hours trading yesterday, FireEye stock closed up more than 38% on this, the day after it announced it was acquiring cyber security firm Mandiant Corp. for $1.05 billion in cash and stock.

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