Company News for Mar 26, 2024
Shares of Masimo Corporation (MASI) jumped 3.3% after the company announced that it was planning a spinoff of its consumer business.
Cleveland-Cliffs Inc.’s (CLF) shares gained 0.9% after the steelmaker said that it has successfully secured funding from the Department of Energy on two projects which will allow the company to receive around $575 million for projects related to decarbonization technology at its facilities in Ohio and Pennsylvania.
Shares of Advanced Micro Devices, Inc. (AMD) declined 0.6% on reports that new guidelines in China would gradually eliminate the use of U.S. processors in government computers and servers, blocking chips from the company.
United Airlines Holdings, Inc.’s (UAL) shares fell 3.4% after the Federal Aviation Administration announced that it would intensify its scrutiny of the carrier following a series of safety incidents.
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