Market Updates
U.S. Stock Movers: Chipotle Mexican Grill, General Mills, Intel, JetBlue, Samsung Electronics, Signet Jewelers
Scott Peters
20 Mar, 2024
New York City
Chipotle Mexican Grill jumped 5.6% to $2,955.0 after the company announced a 50-for-1 stock split subject to shareholder approval at its next annual meeting on June 6.
After the approval, shareholders, as of June 18, will receive an additional 49 shares.
Intel rose 3.4% to $43.47 on reports that the U.S. government is ready to approve up to $8.5 billion in CHIPS Act funding and as much as $11 billion in additional long-term loans.
Samsung Electronics jumped 5.6% in Seoul after Nvidia said at its annual developer's conference that the company's high-bandwidth memory chips are in the "qualifying" stage to be included in its next generation of graphic processors.
General Mills increased 2.8% to $70.60 after the food product maker reported better-than-expected quarterly earnings.
JetBlue Airways declined 1.1% to $6.63 after the regional airline canceled several unprofitable routes and focused on stronger routes amid constrained aircraft capacity.
Signet Jewelers declined 7.3% to $95.0 after the specialty retailer's weak outlook outweighed an increase in dividends and better-than-expected earnings.
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