Check out the companies making the biggest moves midday Monday:
Disney — Disney fell 3.6% after its film, “Avatar: The Way of the Water” fell short of box office expectations. The highly-anticipated movie brought in $134 million, less than the $175 million expected by analysts and under the $135 million to $150 million range Disney had forecast.
Aerojet Rocketdyne, L3Harris Technologies — Shares of Aerojet Rocketdyne rose 1.6% after the defense contractor agreed to be bought by rival L3Harris Technologies for $4.7 billion, or $58 per share in cash. L3 Harris fell more than 3%.
Casino operators — Wynn Resorts fell 4.2%, while MGM Resorts lost 2.9% and Las Vegas Sands dropped 1.6%. The casino operators were just awarded new 10-year concessions, or operating agreements, to operate their Macao casino resorts. Wynn has committed to investing $2.2 billion in Macao, while Las Vegas Sands is looking at a $3.75 billion investment and MGM plans to invest $2.1 billion.
Tesla — Tesla’s stock rose as much as 3.3% after CEO Elon Musk, who also owns Twitter, took to the social media platform to poll whether he should stay on as its chief executive. Most voters said yes. However, Tesla failed to maintain those gains and was last down 0.5%.
