Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
We’re tracking shares of Wells Fargo (WFC). The bank’s board of directors has decided to clawback an additional $75 million from former CEO John Stumpf and former retail bank head Carrie Tolstedt. That comes as the board closes a six-month investigation into years of sales abuses at the bank which led to a $185 million fine and two congressional hearings.
Mondelez (MDLZ) shares were moving higher in early trading. The maker of Oreos and other snacks is confirming that it’s searching for a successor to replace its longtime chief executive, Irene Rosenfeld, as it faces pressure from activist investors and tries to transform its businesses as consumers shift to healthier eating habits.
Delta (DAL) is grabbing headlines on reports it’s struggling to recover from thunderstorms last week that led to the cancellation of over 3,000 flights. The airline was hardest hit by East Coast storms, in part because its hub is based in Atlanta. Delta said it is expecting a “relatively normal operational day” today.
Tesla (TSLA) shares are eyeing a fresh high this morning after Piper Jaffray upgraded the stock to overweight from neutral and raised its price target by about 65% to $368 a share. The 14-year-old electric carmaker is now the largest automaker by market value worth more than General Motors (GM). Last week, Tesla’s market cap overtook Ford’s (F) after it reported record deliveries of 25,000 vehicles for the first quarter. That’s a 69% jump from a year ago.
Two of the biggest US trucking companies are joining forces. Swift Transportation (SWFT) and Knight Transportation (KNX) are merging in an all-stock deal worth more than $6 billion. The combined company will be called Knight-Swift Transportation and trade under the ticker KNX.