Check out the companies making headlines in midday trading: JetBlue — Shares sank 13% after the airline said it plans to sell $400 million of five-year convertible senior notes.
Hawaiian Electric also reported a consolidated net loss of $1.3 billion, or $11.74 per share, in the second quarter, including charges for goodwill impairment.
KeyCorp — The Cleveland-based regional bank surged 13% after The Bank of Nova Scotia agreed to take a minority position, making KeyCorp the top performer in the S & P 500 on Monday.
Monday.com — Shares surged about 12%, hitting a new 52-week high, after the Israel-based software company posted better-than-expected second-quarter results.
Par Technology — The restaurant technology stock added 1.8% following a Jefferies upgrade to buy from hold.
Persons:
—, KeyCorp, Monday.com, FactSet, Jeff Smith, Wolfe, Piper Sandler, Robinhood, Alex Harring, Samantha Subin, Yun Li, Jesse Pound, Michelle Fox
Organizations:
JetBlue —, Hawaiian Electric Industries, Maui, Electric, Bank of Nova, Scotiabank, Street Journal, Starbucks, Qualcomm, Wolfe Research, Apple, Technology —, Jefferies
Locations:
— The Cleveland, Bank of Nova Scotia, Israel, Par