Starbucks — Starbucks’ shares dropped more than 5% in midday trading. The company also has exposure to China, opening its 6,000th store in the country last month.
Avis Budget Group— Shares of the rental car company jumped more than 12% after being upgraded by JPMorgan to overweight from neutral. Analysts believe car rental prices will remain elevated longer than investors believe.
Myovant Sciences — The biopharmaceutical company’s stock leaped 8.7% after it agreed to be bought by a subsidiary of majority shareholder Sumitomo Pharma. The purchase price of $27 a share is an improvement from Sumitomo’s earlier offer of $22.75 a share.
HCA Healthcare – The health-care company rallied 5.9%, making a comeback from its losses on Friday. HCA closed down 5.7% Friday following mixed third-quarter results that included a revenue miss.
Williams-Sonoma — Shares of home goods retailer Williams-Sonoma shed 3.1% Monday after it was downgraded to underperform from hold at Jefferies. Analysts cited a more demanding economic environment as the reason for the downgrade.
