The stock market is trading firmly in the red in midday trading with each of the major indexes off nearly 1%. Most stocks are following the market down, but there are a few bucking the overall trend. Let’s take a look at NYSE movers in midday trading.
Delta Air Lines Inc. (NYSE:DAL) is up $0.20 at $8.15 in midday trading, a gain of 2.58%. DAL shares are up today as the price of oil dips. DAL has traded 8.3 million shares today, and is on pace to trade more than its daily average of 12.8 million shares. DAL has been rising the past two days going from $7.60 on Friday to an intraday high of $8.36 today. Delta has a current market cap of 6.90 billion.
VeriFone Systems, Inc. (NYSE:PAY) is up $2.64 at $43.43, a gain of 6.47%. VeriFone announced today they will buy Point for $818 million. PAY has traded 1.5 million shares so far today on this news. The stock usually trades 2.6 million shares daily. The company has a current market cap of 4.56 billion.
Flotek Industries Inc. (NYSE:FTK) is up 4.98% at $8.65 in midday trading. FTK is trading good volume today with 1.4 million shares traded, already above its daily average of 1.3 million shares. Flotek has been in an uptrend since early October when it was trading around $4/share. The company has a current market cap of 430.99 million.
J.C. Penney Company, Inc. (NYSE:JCP) is currently trading down $0.52 at $33.40, a loss of 1.56%. JCP was trading in the green earlier today put started going down after the company posted a loss in the third quarter. The company also lowered its guidance. JCP has traded 4.3 million shares today, and shouldn’t have a problem reaching its daily average volume of 5.8 million shares. The company has a current market cap 7.16 billion.
Lowe’s Companies Inc. (NYSE:LOW) is up 1.69% at $23.50 in midday trading. Lowe’s released quarterly results which saw profits drop 44% on charges for store closings, but the adjusted results still beat expectations. LOW has traded 19.4 million shares today, 3 million more than it usually trades in a whole trading session. The company has a current market cap of 29.69 billion.