Afternoon Movers: C, S, FTR, DCTH, DNDN, CTIC
Friday, July 09, 2021 3:41 PM

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US stocks rose on Friday on hopes that the second-quarter corporate earnings season would prove stronger than expected.

Below we highlight few companies whose shares are making notable moves in afternoon session.

Citigroup (NYSE: C) shares climbed 7 cents or 1.64% to $4.04 in afternoon trading on volume of over 339 million. The three-month average daily volume for Citigroup is 829.72 million.  Citigroup Inc. announced Friday that it has hired Tony Osmond from Goldman Sachs Group Inc. as head of its Australia and New Zealand investment banking business.

Sprint Nextel Corp. (NYSE: S) plunged 3.51% to $4.26.  The stock has a 52-week range of $2.65-$9.08.

Frontier Communications Corporation (NYSE: FTR) dropped 2.80% to $7.29. The company last week announced the completion of its acquisition of Verizon Communications' (NYSE: VZ) local wireline operations in 14 states. 

Delcath Systems, Inc. (NASDAQ: DCTH) soared 29.91% to $7.60 on volume of over 6 million. The three-month average daily volume for Delcath Syatems is 2.65 million. The company develops and manufactures devices to administer high dose chemotherapy and other therapeutic agents directly to diseased organs or regions of the body.

Dendreon Corp. (NASDAQ: DNDN) rallied 7.66% to $32.62. The company engages in the discovery, development, and commercialization of therapeutics to enhance cancer treatment options for patients. 

Cell Therapeutics, Inc. (NASDAQ: CTIC) surged 5.96% to $0.42. The company, develops, acquires, and commercializes oncology products for the treatment of cancer.

Disclosure: Author doesn't own any of the stocks discussed here.

 

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