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Check out the companies making headlines in midday trading.
GoDaddy — The web hosting company saw its shares jump nearly 9.2% following a Wall Street Journal report that activist investor Starboard Value has taken a 6.5% stake in it, worth roughly $800 million.
Boeing — Shares of air travel-related stocks declined following thousands of canceled flights over the holiday weekend amid staffing shortages. Boeing retreated 1%, while Delta, United and American Airlines shares also traded lower. More than 2,000 flights were canceled from Christmas Eve through Sunday evening. Carriers cited the spread of the omicron Covid variant among crews as behind the cancellations, with bad weather also affecting flights.
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