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Company News for Jun 22, 2022

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  • Kellogg Company’s (K - Free Report) shares gained 2% after CEO Steve Cahillane announced that it is splitting into three entities.
  • Shares of Spirit Airlines, Inc. (SAVE - Free Report) jumped 7.9% after JetBlue Airways Corporation (JBLU - Free Report) announced that it has sweetened its offer to take over the ultra-low cost airline.
  • Lennar Corporation’s (LEN - Free Report) shares rose 1.6% after it reported second-quarter fiscal 2022 adjusted earnings of $4.69 per share against the Zacks Consensus Estimate of $3.95 per share.
  • Shares of Advanced Micro Devices, Inc. (AMD - Free Report) gained 2.7% after it announced the launch of its second-generation mid-range system-on-chip processors.