Stock Groups

Marriott, Mastercard, Casper, Etsy and more

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People are seen walking towards the entry of the 5-star Paris Marriott Hotel.

AFP | AFP | Getty Images

These are the headline-grabbing companies in midday trading.

Marriott International — Shares of the hotel chain jumped more than 4% after the company provided an update on its development process in 2021. Marriott claimed that it had added over 86,000 rooms to its system on a net basis. This equates to a 3.9% increase, with room deletions of 2.1%. With 485,000 rooms, it also claimed that the company had the biggest global development pipeline.

Baker Hughes — The energy tech company’s shares surged nearly 5% after it reported strong quarterly earnings. The reported revenue was $5.5 billion higher than the FactSet estimate of $5.4 billion. Adjusted EBITDA reached $844 Million, against $787.2million estimates.

Travelers Companies — The insurance stock popped 5% on Thursday after Travelers blew past estimates for earnings and revenue for the fourth quarter. On $8 billion of revenue, the company earned $5.20 per share. Net premiums have increased 10% year-over-year. Refinitiv surveyed analysts and projected that the company would earn $3.86 per share for $7.71 trillion in revenue.

Regions Financial — The bank’s stock slid more than 3% after the company reported quarterly earnings that were lower than expected by 6 cents per share, as well as revenue that matched analyst estimates.

M&T Bank — Shares of the regional bank fell about 3% after the company reporter lower-than-expected earnings for the most recent quarter. The interest margins fell to 2.58% from 2.67%, as opposed to the estimates.

International Flavors & Fragrances — Shares of the New York-based fragrance company increased 2.8% after CNBC’s David Faber reported that longtime activist investor Carl Icahn took a 4% stake in the company. Separately, International Flavors & Fragrances named Frank Clyburn chief executive officer effective Feb. 14.

Casper Sleep — Shares of the mattress company surged nearly 15% after Casper announced that its board had approved a takeover offer from private equity firm Durational Capital Management. Casper’s share price is $6.90.

Mastercard — The card giant saw shares rise about 3% after it launched a virtual card solution that will allow for instant business-to-business payments. It follows other product launches on Wednesday that include a cobranded Instacart credit card, and Coinbase’s NFT partnership.

Signet Jewelers — Shares fell more than 2% after the jewelry retailer said holiday sales rose 30.4% from year prior. The company also reported that same-store sales increased by more than 25 percent.

Etsy — The online marketplace saw its shares rise 2.9% after the stock received an upgrade from KeyBanc to overweight from sector weight. About 22% potential upside is implied by the firm’s $200 price target.

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

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