Stocks Making Significant Moves Midday: Travelers, GSK, Netflix and Others
Travelers surged nearly 8% after beating Q2 earnings expectations with $10.04 per share compared to an expected $5.42. In contrast, Netflix dropped over 7%, despite in-line results due to investor disappointment. The semiconductor sector continued its decline as the iShares Semiconductor ETF fell near 1%. GSK shares slid more than 2% after halting development of a chronic cough treatment.
Tickers: $ALAB $ALL $GSK $HIG $NFLX $TRV $TSM
Topics: Earnings M&A/Financing Announcements Market Reaction