Weber, Microsoft, Canadian National Railway, and Many More Experiencing Highs/Lows
The first company in the list showing an upward trend is Weber, which is a famous grill maker. The company has reportedly experienced a rise in its share prices in premarket trading. The company reportedly experienced a 3.8% rise in its share prices. The company experienced a rise in its share prices after reporting its quarterly earnings for the first quarter ever since it went public. The company reported that its sales have experienced a 19% rise as compared to sales for the first quarter in 2020. The company has also increased its outlook for the upcoming quarters based on its sales in the first quarter.
The next company on the list is Microsoft that has experienced a 1.3% rise in its share prices in the premarket trading. According to reports, Microsoft revealed that it has increased the dividends by 11%. Prior to the increase, the quarterly payout per share was 56 cents but after the increase, the new quarterly payout is 62 cents. Microsoft has also announced that it is going to launch a buyback program for its stocks. Microsoft revealed that it is going to spend $60 billion on the particular program.
The Canadian National Railway is the next company on the list that has made an announcement in regards to its deal with the Kansas City Southern. The Canadian National Railway has announced that it will not be adding any figures to the offer it has made in order to purchase Kansas City Southern. This information has been revealed by some inside sources that are currently familiar with the issue. With the Canadian National Railway out of the equation, the Canadian Pacific Railway can proceed with purchasing Kansas City Southern. This would help Canadian National Railway gain an increase in its share prices.
The next company is Yum China that has experienced a 4.8% drop in its share prices on the premarket trading. The company has announced that as a result of the spread of the Covid-19 delta variant, it is going to experience a downtrend in its sales. The company has announced that as a result, it is going to experience around a 50% to 60% drop in its sales for the third quarter of 2021. The restaurant operator revealed that as a result of the COVID-19 variant, they either had to close their restaurants or limit services at the restaurants. The company has revealed that more than 500 restaurants have been affected due to the COVID-19 delta variant.
With every day passing, the share prices of the companies are constantly upwards or downwards. There is hardly any company that manages to remain neutral in terms of its share prices. Therefore, it is extremely important that one must make sure they are keeping a close eye on stock market trends while investing.