By Liz Moyer
Investing.com -- Stocks rallied on Thursday after the December inflation report showed prices cooling in line with expectations. Here are the midday movers for Jan. 12.
Walt Disney Company (NYSE:DIS) stock rose 3.9% after activist investor Nelson Peltz' Trian Partners launched a proxy fight at the entertainment giant, seeking to gain a board seat. Trian has 9.4 million Disney shares, or about $900M, according to a regulatory filing.
KB Home (NYSE:KBH) stock fell 2% after the home builder reported worse-than-expected fourth-quarter profit, with net orders down sharply from the same period a year earlier, amid the ongoing housing market slump.
Cinemark Holdings Inc (NYSE:CNK) stock rose 8.8% after the movie theater chain got an upgrade by JPMorgan, which raised its rating to Overweight from Neutral.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.