Afternoon Movers: Avis Budget Group, Baker Hughes, IBM, M&T Bank, Mueller Industries
- Scott Peters
- U.S.A. New York City
-
IBM advanced after the company reported better-than-expected quarterly results. Avis Budget soared after Barclays revised its company rating.
IBM gained 8% after the company reported quarterly revenues gained 7.7% from a year ago and estimated higher annual revenues in mid-single digit.
Avis Budget Group soared 13% after Barclays revised its rating higher ahead of earnings in two weeks.
Baker Hughes dropped 5% after the company reported lower than expected earnings and revenues.
M&T Bank soared 9% after the mid-size bank reported better than expected earnings.
Mueller Industries surged 9% after quarterly earnings more than doubled.
Annual Returns
| Company | Ticker | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Avis Budget Group Inc | CAR | 2% | -55% | -6% |
| Mueller Industries Inc | MLI | -0% | 69% | -29% |
| M&T Bank Corporation | MTB | 0% | 38% | -10% |
| International Business Machines Corporation | IBM | -1% | 36% | 10% |