Twitter, Tilray, Penn National and more

Take a look at the businesses making headlines in noon buying and selling.

Freeport-McMoRan — The mining firm’s shares have been greater than 8% greater and have been the largest gainers within the S&P 500. The inventory’s leap comes amid a broad market rally Thursday and a pop in copper costs.

Penn National Gaming — Shares of the on line casino and sports activities betting firm jumped virtually 5% after Canadian regulators authorized its acquisition of sports activities media firm TheScore. The deal is predicted to shut on Oct. 19, the companies said. 

Levi Strauss & Co — Shares of the denim maker jumped 8.4% after the corporate’s blowout earnings report. Levi’s posted earnings of 48 cents per share throughout its fiscal third quarter, in comparison with 37 cents anticipated by Refinitiv. Income additionally topped analysts’ expectations as client demand picked up in the course of the back-to-school season and consumers appeared to fill up on the newest denim tendencies.

Lamb Weston — The frozen potato firm noticed shares sink greater than 6% after it reported its quarterly outcomes. Lamb Weston recorded a lack of 20 cents per share, which is bigger than the 38 cents per share loss estimated by analysts, in line with Refinitiv. The corporate additionally missed on income estimates.

Tilray — Tilray shares jumped over 1% after the Canadian hashish producer’s quarterly earnings of 8 cents per share matched Wall Avenue expectations, in line with Refinitiv. Income gained 43% from a 12 months prior.

Helen of Troy — The maker of houseware and well being care merchandise added practically 6% after reporting quarterly adjusted earnings of $2.65 per share, beating estimates. Income additionally got here in above analysts’ forecasts.

Twitter — The social media firm’s shares added 4.3% after it introduced plans late Wednesday to sell its MoPub mobile advertising network to cell sport developer AppLovin for $1.05 billion in money. Twitter purchased MoPub for a reported $350 million in September 2013.

Meredith Corp., IAC/InterActiveCorp — Meredith gained greater than 6% following information that IAC’s Dotdash will purchase the corporate’s digital and journal companies for $42.18 per share in an all-cash transaction. The mixed firm can be known as Dotdash Meredith and embody standard manufacturers like Folks and Higher Properties & Gardens. Shares of IAC added 7%.

Healthcare Trust of America — Shares of Healthcare Belief jumped 2.9% after Bloomberg reported that activist investor Elliott Administration is pushing for a strategic assessment that might end in a sale of the actual property funding belief.

Rocket Lab USA — Shares of the house firm gained 10% after announcing on Wednesday it gained a NASA contract to launch an Superior Composite Photo voltaic Sail System, which is able to launch as a part of a rideshare mission scheduled for lift-off in mid-2022.

Pinduoduo, Baidu, JD.com — U.S.-listed Chinese language shares moved greater after President Joe Biden and President Xi Jinping introduced they might maintain their first summit, just about, earlier than the top of 2021. Pinduoduo and JD.com rose greater than 6% whereas Baidu added roughly 4%.

 — CNBC’s Hannah Miao, Jesse Pound and Yun Li contributed reporting