Ryanair, Verizon down, Reddit, Clearwater Paper up; Monday 7/22/2024

Stocks that traded heavily or saw significant price changes on Monday:

Delta Air Lines Inc. (DAL), down 77 cents to $44.67

Delays at airports continued after a major technical failure last week, with most cancellations affecting Delta flights.

CrowdStrike Holdings Inc. (CRWD), down $33.38 to $271.58

The problems persisted after a faulty update from the cybersecurity firm affected millions of computers running Microsoft Windows last week.

Verizon Communications Inc. (VZ), down $2.49 to $39.13

The telecommunications company reported a profit for its latest quarter that matched analysts’ expectations, but revenue that fell just short of expectations.

Nvidia Corp. (NVDA), up $4.07 to $122

Shares of big technology companies outperformed after dragging the market down last week.

Reddit Inc. (RDDT), up $4.02 to $68.72

The social media site has entered into agreements to acquire videos and other media from several professional American sports leagues, The Information reports.

Clearwater Paper Corp. (CLW), up $4.73 to $53.65

The paper company entered into an agreement to sell its tissue division to Sofidel in a deal valued at $1.1 billion.

Ryanair Holdings PLC (RYAAR), down $18.45 to $95.87

The European budget airline reported profits and revenues that were significantly lower than analysts had expected.

Krispy Kreme Inc. (DNUT), down 35 cents to $10.84

The company is selling a majority stake in Insomnia Cookies to Verlinvest and Mistral Equity Partners in a deal valued at $350 million.