Disney, Tesla, Mesa Air and more

Visitors learn about a Tesla Model S at the auto show area of ​​the 5th China International Import Expo in Shanghai, China, 7 November 2022.

CFOTO | Future Publishing | Getty Images

Check out the companies making the biggest moves as of Monday lunchtime:

Disney — Disney fell 3.6% after its film Avatar: The Way of the Water underperformed at the box office. The highly anticipated film grossed $134 million, down from the $175 million analysts were expecting and below the range of $135 to $150 million that Disney had forecast.

Aerojet Rocketdyne, L3Harris Technologies – Aerojet Rocketdyne shares rose 1.6% after the defense company agreed to be bought by competitor L3Harris Technologies for $4.7 billion, or $58 a share in cash. L3 Harris fell more than 3%.

casino operator — Wynn Resorts fell 4.2% while MGM Resorts lost 2.9% and Las Vegas sand fell by 1.6%. Casino operators have just been awarded new 10-year concessions or operating agreements to operate their casino resorts in Macau. Wynn has committed to investing $2.2 billion in Macau, while Las Vegas Sands plans to invest $3.75 billion and MGM plans to invest $2.1 billion.

Tesla – Tesla’s shares rose as much as 3.3% after CEO Elon Musk, who also owns Twitter, queried on the social media platform whether he should remain as CEO. Most voters said yes. However, Tesla failed to hold on to those gains and was last down 0.5%.

Mesa Air Group – Shares of the airliner rose 5% after Mesa Air announced it was inking a deal to operate regional flights for United Airlines while ending its partnership with American Airlines.

carnival – The cruise line fell nearly 4% after an industry publication reported that it canceled bookings for the Carnival Vista in early 2024 and is now expected to be in dry dock for just over a month.

Warner Bros. Discovery – Warner Bros. Discovery continued its slide since it announced last week that it would increase its restructuring cost estimates by $1 billion. Shares lost more than 5% in midday trading.

Sinclair Broadcast Group – Sinclair fell 4.7% after the New York Post reported that talks for the NBA, MLB and NHL to acquire their regional sports network Diamond Sports Group are stalling – increasing the likelihood of a bankruptcy filing for the group.

Meta – Meta fell 2.2% after the European Commission said Facebook’s parent company may be violating EU antitrust laws. The EU also said Meta could be fined up to 10% of annual sales if it found the laws were broken.

Pentair – Shares in pool water treatment company Pentair rose 2% after being upgraded to buy from hold by Stifel. The company said the challenges facing the pool industry are “well understood and at least fully priced in.”

TuSimple stocks— Stock of self-driving truck startup TuSimple rose 8.1% after The Wall Street Journal reported that the company was cutting its workforce in half, citing people familiar with the matter. TuSimple had about 1,430 employees in June.

Warner Music Group — Equities rose 2.5% after Atlantic Equities was moved to overweight. Analysts said the stock could gain more than 20% as the global music streaming market grows.

NRG energy — NRG Energy’s stock rose 1.7% after being upgraded to neutral by Bank of America. The company said the stock is now at fair value after selling off in early December on its acquisition of smart home platform Vivint.

coin base — Coinbase shares lost 3.16% to hit a fresh 52-week low as the fallout from FTX continues to hit the crypto industry. The stock is down more than 85% this year.

– CNBC’s Carmen Reinicke and Samantha Subin contributed coverage.

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