See the companies making headlines in midday trading: JetBlue — Shares fell more than 20% after the airline said it plans to sell $400 million in five-year convertible senior notes. The company’s credit rating was also downgraded by S&P Global Ratings, Moody’s Investors Service and Fitch Ratings over concerns about its financial outlook. Hawaiian Electric Industries — Shares fell more than 14% after the company said it doesn’t yet have a financing plan to pay its $1.7 billion Maui windstorm and wildfire settlement. Hawaiian Electric also reported a consolidated net loss of $1.3 billion, or $11.74 per share, in the second quarter, including a goodwill impairment charge. The company reported net income of $55.1 million in the period a year ago. KeyCorp — The Cleveland-based regional bank rose 9% after the Bank of Nova Scotia agreed to take a minority stake, making KeyCorp the top performer in the S&P 500 on Monday. Under the terms of the deal, KeyCorp will receive about $2.8 billion in cash, while Scotiabank will eventually take a 14.9% stake in the lender. Monday.com — Shares rose more than 14%, hitting a 52-week high, after the Israel-based software company posted better-than-expected second-quarter results. Monday.com earned 94 cents a share, excluding items, on revenue of $236.1 million. Analysts polled by FactSet had estimated 56 cents a share on revenue of $229 million. Marathon Digital — The cryptocurrency miner fell more than 11% after announcing a $250 million private debt offering of seven-year notes. Starbucks — The coffee chain jumped more than 2% after the Wall Street Journal reported that activist investor Starboard Value, led by Jeff Smith, had built a stake. The Journal, citing unidentified people familiar with the matter, reported that Starboard is urging Starbucks to take steps to boost its stock price. Qualcomm — The chipmaker lost about 1%. Wolfe Research downgraded Qualcomm to peer perform from outperform, citing the impact of Apple’s use of its own in-house modem. Robinhood — Shares of the online brokerage firm rose about 3.5% after Piper Sandler raised its rating to overweight from neutral. Piper Sandler expects Robinhood to benefit from “continued growth in global retail and derivatives” and “the transfer of wealth from baby boomers to their children,” among other things, over the long term. Barr Technology — The restaurant technology stock added about 1.5% after Jefferies upgraded it to buy from hold. The bank said Barr now has the size and momentum to support it. — CNBC's Alex Haring, Samantha Sobin, Yun Li, Jesse Pound and Michelle Fox contributed to this report.
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