Midday Movers: Ford Motor, Gap, Change Healthcare and More
By Liz Moyer
Investing.com -- U.S. stocks fell Tuesday at the start of the Federal Reserve's two-day monetary policy meeting. Here are the midday movers for Sept. 20:
- Ford Motor Company (NYSE: F ) shares fell 11% after the automaker said its third-quarter costs had risen more than expected and parts shortages mean it will have more unfinished vehicles at the end of the period.
- Gap Inc (NYSE: GPS ) shares fell 4.4% on reports the casual clothing retailer plans to cut 500 corporate office jobs as it tries to readjust from the pandemic.
- Change Healthcare Inc (NASDAQ: CHNG ) shares rose 6.6% after a judge blocked the Justice Department's request to block its acquisition by United HealthCare. UnitedHealth Group Incorporated's (NYSE: UNH ) shares fell 0.8%.
- Hertz Global Holdings (NASDAQ: HTZ ) shares fell 2.7% after it announced a plan to buy 175,000 electric vehicles from General Motors Company (NYSE: GM ). GM shares fell 5%.
- Apogee Enterprises Inc (NASDAQ: APOG ) shares rose 4% after the building materials maker raised its full-year earnings forecast.
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