JetBlue, Vulcan Materials fall; Carvana, ManTech rise
May 16, 2022, 1:11 PM | Updated: 1:37 pm
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday:
ManTech International Corp., up $12.32 to $94.29.
Investment firm Carlyle Group is buying the defense contractor in an all-cash deal valued at $4.2 billion.
JetBlue Airways Corp., down 61 cents to $9.45.
The airline is going hostile in its bid for Spirit Airlines to counter Frontier Airlines’ rival offer.
Rattler Midstream LP, up $1.82 to $14.67.
Diamondback Energy is buying the remainder of the oil and natural gas services provider that it doesn’t already own.
McDonald’s Corp., down $1 to $244.04.
The hamburger chain has started the process of selling its business in Russia.
Carvana Co., up 9 cents to $38.40.
The online used car dealer’s updated operating plan was well received by investors.
Vulcan Materials Co., down $7.89 to $160.13.
The Mexican government suspended a customs permit for the construction materials supplier’s Mexican subsidiary.
Bank of America Corp., down 36 cents to $34.81.
Bond yields fell and weighed down banks, which rely on higher bond yields to charge more lucrative interest on loans.
XPO Logistics Inc., down $1.95 to $50.91.
The trucking company is reportedly considering selling its freight forwarding unit.
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