Yahoo Finance Midday movers: Micron, AMC Entertainment, Tupperware and more
By Liz Moyer
Investing.com -- Stocks were weighed down on Monday by fears of more Federal Reserve interest rate hikes after Friday's relatively strong report on jobs. Here are the market movers for April 10.
Micron Technology Inc (NASDAQ:MU) shares rose 8% after chip-making rival Samsung (KS:005930) said it was cutting production to optimize its manufacturing operations. The announcement also boosted shares of storage device maker Western Digital (NASDAQ:WDC), up 7.6%. AMC Entertainment Holdings Inc (NYSE:AMC) shares jumped 7% after a better-than-expected box office sales weekend for the Super Mario Brothers Movie, by Comcast's (NASDAQ:CMCSA) Universal and Nintendo. Ticket sales were $377 million worldwide for the long holiday weekend, a sign families are going back to theaters. Other movie theater operators also benefited, including Cinemark Holdings Inc (NYSE:CNK), where shares rose 5.8%. Tupperware Brands Corporation (NYSE:TUP) shares tumbled 45% after the maker of reusable storage containers issued a warning it was working with advisors to improve its capital position and near-term liquidity. The company said the moves were to "remediate its doubts regarding its ability to continue as a going concern."
Pioneer Natural Resources Co (NYSE:PXD) shares jumped 5.9% after reports oil producer Exxon Mobil (NYSE:XOM) was considering a potential acquisition bid for the shale oil producer.
Apple Inc (NASDAQ:AAPL) shares fell 1.9% after market intelligence firm IDC issued a report that showed global shipments of traditional PCs fell 29% in the first quarter from a year earlier, with Apple's shipments falling more than peers.
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Midday movers: Micron, AMC Entertainment, Tupperware and more
