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Company News for Mar 20, 2024

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  • McDonald's Corporation’s ((MCD - Free Report) ) shares rose 1.5% following the announcement that CEO Chris Kempczinski would assume the role of chairman in May, succeeding Enrique Hernandez, who is retiring.
     
  • Shares of Super Micro Computer, Inc. ((SMCI - Free Report) ) fell 9% as the company announced that it would sell 2 million shares to raise capital.
     
  • International Paper Company ((IP - Free Report) ) shares surged 11% after the company announced Andrew Silvernail's appointment as CEO effective May 1.
     
  • MicroStrategy Incorporated ((MSTR - Free Report) ) shares declined by 5.7% after the company disclosed the completion of a $603.75 million convertible debt offering, marking its second in a week, aimed at financing bitcoin acquisitions.
     

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