Here’s a look at the companies making headlines in midday trading: JetBlue Airways — shares fell 13% after the airline said it planned to sell $400 million of five-year convertible senior notes. Hawaiian Electric Industries — Shares of Hawaiian Electric Industries plunged more than 16% after the utility said it had not yet developed a financing plan for a $1.7 billion Maui storm and wildfire settlement payment. Hawaiian Electric also reported a second-quarter consolidated net loss of $1.3 billion, or $11.74 per share, including a goodwill impairment charge. Last year, the company reported a net profit of $55.1 million. KeyCorp – Shares of the Cleveland-based regional bank surged 13 per cent after the Bank of Nova Scotia agreed to take a minority stake, making KeyCorp the best-performing bank on the S&P 500 on Monday. Under the terms of the deal, KeyCorp will receive approximately $2.8 billion in cash, while Scotiabank will ultimately acquire a 14.9% stake in the bank. Monday.com — Shares of the Israeli software company soared about 12% to a new 52-week high after the company reported better-than-expected second-quarter results. Monday.com earned 94 cents per share, excluding items, on revenue of $236.1 million. Analysts polled by FactSet estimated earnings of 56 cents per share on revenue of $229 million. Marathon Digital — Shares fell about 7% after the cryptocurrency miner announced a private debt offering of $250 million in seven-year notes. Starbucks — Shares of the coffee chain rose nearly 4% after the Wall Street Journal reported that Starboard Value, an activist investor led by Jeff Smith, increased its stake in Starbucks. Starboard is urging Starbucks to take steps to boost its stock price, the Wall Street Journal reported, citing unnamed people familiar with the matter. Qualcomm — The chip maker fell about 2%. Wolfe Research downgraded Qualcomm to peer perform from market outperform, citing the impact of Apple’s use of its own in-house modems. Robinhood – Shares of the online brokerage rose 2.5% after Piper Sandler upgraded the stock to “overweight” from “neutral.” Piper Sandler expects Robinhood to benefit in the long term from “continued growth in global retail and derivatives trading” and “intergenerational wealth transfers from baby boomers to their children,” among other things. Par Technology — The restaurant technology stock rose 1.8% after Jefferies upgraded its rating on the restaurant technology stock to buy from hold. The bank said Par now has the scale and momentum to back it up. —CNBC’s Alex Harring, Samantha Subin, Yun Li, Jesse Pound and Michelle Fox contributed reporting.
