Midday movers: Six Flags Entertainment, Cano Health, UBS and more
Investing.com — U.S. stocks were mixed on Friday after a reading of producer price inflation that came in higher than expected.
Here are some of the biggest U.S. stock movers today:
Six Flags Entertainment New (NYSE:SIX) shares were down 0.5% after the amusement park operator missed expectations, largely because bad weather affected park attendance. It expects attendance numbers to improve in the second half.
UBS (NYSE:UBS) stock rose 4.8% after Switzerland’s largest lender stated that it would not need the around $10 billion of state guarantees provided to smooth the takeover of its failing rival.
Capri Holdings (NYSE:CPRI) stock fell 0.9% after Wells Fargo downgraded the fashion company to ‘equal weight’ from ‘overweight’ in the wake of the announcement that Tapestry (NYSE:TPR) is set to buy the Versace owner.
Archer Aviation (NYSE:ACHR) stock fell 2.7% after the air taxi maker settled litigation with Boeing (NYSE:BA), and agreed to collaborate on autonomous technology.
Rivian Automotive (NASDAQ:RIVN) stock fell 1.5% after Exane BNP Paribas upgraded the electric car manufacturer to ‘Outperform’ from ‘Neutral’ after the company lifted its annual production guidance Tuesday after reporting a narrower-than-expected loss in the second quarter.
DigitalOcean (NYSE:DOCN) stock rose 3.2% after Morgan Stanley upgraded the software company to ‘Equal weight’ from ‘Underweight’, saying the current outlook appears achievable.
--Peter Nurse contributed to this report
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