Cigna, Macy's rise; Southern Copper, RingCentral fall, Monday, 12/11/2023
NEW YORK (AP) — Stocks that are trading heavily or have substantial price changes on Monday:
Cigna Group, up $43.17 to $301.97.
Cigna announced a $10 billion stock buyback, and the Wall Street Journal reported that it’s no longer pursuing Humana.
Occidental Petroleum Corp., up 59 cents to $57.06.
The energy company is buying oil and gas company CrownRock in a cash-and-stock deal valued at about $12 billion.
Shake Shack Inc., $5.85 to $66.83.
The burger chain said that CEO Randy Garutti will retire in 2024.
DoorDash Inc., up $1.50 to $101.50.
The delivery company will join the Nasdaq 100 Index as of Dec. 18.
Macy’s Inc., up $3.38 to $20.77.
The department store operator reportedly received a buyout offer from Arkhouse Management and Brigade Capital Management.
Southern Copper Corp., down 32 cents to $75.13.
The copper mining company slipped along with prices for the base metal.
Kontoor Brands Inc., up $1.92 to $56.10.
The clothing company announced a $300 million stock buyback plan.
RingCentral Inc., down $2.32 to $31.79.
The cloud-based phone system provider said CEO Tarek Robbiati resigned and Vlad Shmunis returned to the leadership role.
