Stock Movers: Kellogg, Delta, MP Materials

Stock Movers: Kellogg, Delta, MP Materials

Stock Movers

Kellogg, Delta, MP Materials

On this episode of Stock Movers:

– WK Kellogg (KLG) shares are higher on news that Ferrero Group to buy WK Kellogg for $23 per share, representing a total enterprise value of $3.1b. The W.K. Kellogg Foundation Trust and Gund Family agreed to vote 21.7% of WK Kellogg Co’s shares in favor of deal
– Delta (DAL) shares rise after the carrier announced that it is restoring its full-year earnings guidance. The company expects full-year adjusted EPS of $5.25 to $6.25 in 2025. 
– MP Materials (MP) shares are higher after they struck a multi-billion dollar public-private deal with the US Department of Defense to build a new magnet plant and expand rare earth capabilities, backed by $400m in equity and a $1b loan commitment.

Jul 10, 2025