Company News for Sep 16, 2021

Zacks Equity Research
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In this article:

  • Shares of Microsoft Corporation MSFT rallied 1.7% after the company announced that it will increase its quarterly dividend by 11% and also agreed to a stock buyback program of up to $60 billion.

  • Apple, Inc.’s AAPL gained 0.6% after the company introduced a series of updates to its series of mobile phones and Apple watch.

  • Shares of Regeneron Pharmaceuticals, Inc. REGN increased 1.1% after the company announced that the U.S. government would be buying an additional 1.4 million doses of its COVID-19 antibody cocktail

  • Yum China Holdings, Inc.’s YUMC shares plummeted 5.9% after the company warned that the surge in new COVID-19 delta variant cases could lead to a 50%-60% decline in its third-quarter profit.


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