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Midday movers: Delta Air Lines, Harley Davidson, Rent the Runway and more

Published 04/13/2023, 01:57 PM
Updated 04/13/2023, 02:17 PM
© Reuters.

By Liz Moyer

Investing.com -- Stocks are rising on Thursday after inflation and jobs data that calmed fears about the Federal Reserve's stance toward raising interest rates. Here are the market movers for April 13.

  • Delta Air Lines Inc (NYSE:DAL) shares fell 0.9% after the carrier missed expectations for first-quarter earnings but executives said the outlook for the second quarter was strong and they were confident in guidance for full-year revenue gains of 15% to 20%.
  • Harley-Davidson Inc (NYSE:HOG) shares fell 3.7% after the motorcycle maker said its CFO Gina Goetter would be leaving to take the same post at toy maker Hasbro (NASDAQ:HAS).
  • Rent the Runway Inc (NASDAQ:RENT) shares fell 14% after the online clothing rental company guided for lower-than-expected revenue for this year and said its CFO was leaving.
  • Sarepta Therapeutics Inc (NASDAQ:SRPT) shares fell 7.6% after a report that regulators had been leaning toward rejecting its gene therapy for a type of multiple sclerosis until an FDA official stepped in to schedule an advisory committee meeting.

  • Progressive Corp (NYSE:PGR) shares fell 6.6% after the insurance provider said results were weighed by challenging conditions in its personal and commercial auto insurance businesses.

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