Company News for Jul 12, 2019

Company News for Jul 12, 2019

Companies in the news are: CI, DAL, BBBY and FAST
  •  Shares of Cigna Corporation CI rose 9.2% after the Trump administration decided to scrap its drug rebate plan
  • Delta Air Lines, Inc.’s DAL shares increased 1.2% after the air transportation provider reported 8.7% revenue growth to $12.5 billion in Q2 from a year ago
  • Shares of Bed Bath & Beyond Inc. BBBY dropped 3% after the home goods retailer reported hefty losses because of $401 million in impairment charges in the fiscal first-quarter
  • Fastenal Company’s FAST shares dropped 2.9% after its Q2 earnings of $0.36 per share missed the Zacks Consensus Estimate of $0.37 per share