Check out the companies making headlines in midday trading.
— Airline stocks moved higher on Wednesday after United said that it was increasing its flight offerings and amid positive developments on the vaccine front. Shares of United, which said it will add nearly 25,000 flights in August, rose 2.4%. American and Delta advanced 1.3% and 0.5%, respectively.– Shares of Denny's tanked more than 10% after the restaurant chain priced its offering of 8 million shares at a discount. The offering priced at $9.15, or 9.
The company intends to use the proceeds for general corporate purposes.– Shares of Constellation Brands surged more than 7% after the spirits producer reported better-than-expected quarterly results. The company reported adjusted quarterly profit of $2.30 per share, beating the consensus estimate of $2.01, according to Refinitiv. Meanwhile, Constellation said beer production in Mexico had returned to normal levels after being disrupted by the pandemic.
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