Midday movers: Catalent, Newmont, Dell Technologies and more

6 February 2023 at 8:36 am·1-min read

By Liz Moyer

Investing.com -- Stocks were falling on Monday as investors feared a strong jobs report would encourage the Federal Reserve to continue raising interest rates. Here are the midday movers for Feb. 6.

Catalent Inc (NYSE:CTLT) shares were nearly 20% higher after a report that sciences firm Danaher was interested in making a bid for the contract drug maker. Danaher Corporation (NYSE:DHR) stock fell 2%. Newmont Corp (NYSE:NEM) shares fell 4.8% after it bid $17 billion for Australian gold mining firm Newcrest. Shares of Newcrest Mining (OTC:NCMGF) were trading up 12.6%.

Dell Technologies Inc (NYSE:DELL) shares fell 3.7% after the tech company said it would cut 5% of its jobs amid a global slowdown in PC demand.

Tyson Foods Inc (NYSE:TSN) stock fell 4.7% after the chicken and meat producer reported worse-than-expected earnings and missed estimates as higher food prices force householders to cut back on meat consumption.

Energizer Holdings Inc (NYSE:ENR) stock fell 6.7% after the battery maker said sales fell from the same period last year and it missed expectations for its most recent quarter.

Midday movers: Catalent, Newmont, Dell Technologies and more

Drug companies face COVID cliff in 2023 as sales set to plummet

Google opens Bard chatbot to test users, plans more AI for search