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Market Movers: Delta Air Lines, Inc. (DAL), Lipocine Inc (LPCN), Moneygram International Inc (MGI) and More

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Helios and Matheson Analytics (NASDAQ:HMNY) (The Motley Fool)
What happened: Shares of Helios and Matheson Analytics (NASDAQ:HMNY), best known recently as the majority owner of the MoviePass service that exploded in popularity late last year, have plunged today. The stock is down 11% as of 12 p.m. EST after the company announced it was issuing $60 million in convertible notes. Separately, MoviePass said it was partnering with iHeartMedia. So what: The iHeartMedia announcement is mostly a marketing campaign and isn’t contributing to the drop. Rather, the convertible note announcement is the likely culprit. The offering is not being sold to the public, but instead is a private placement with an institutional investor. As such, the offering is not being registered with the SEC. The bonds will be convertible at the option of the investor at a fixed conversion price of $11.44.

Delta Air Lines, Inc. (NYSE:DAL) (Reuters)
Delta Air Lines (DAL.N) rose about 2 percent after reporting upbeat quarterly profit as well as forecast, helped by higher business fares in a busy holiday season. That helped the Dow Jones U.S. Airlines index .DJUSAR up 2.25 percent. “You see this continued rotation into stocks that will accelerate with the economy,” said Michael Antonelli, managing director of institutional sales trading at Robert W. Baird in Milwaukee. “Energy is in a good space with crude above 64 bucks and you have industrials being driven by airlines stocks.”

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Activision Blizzard, Inc. (NASDAQ:ATVI) (Zacks)
Shares of Activision Blizzard (ATVI – Free Report) surged to a new all-time high on Thursday after the video gaming powerhouse debuted its new “Overwatch” esports league to much fanfare on Amazon’s (AMZN – Free Report) live-streaming site Twitch on Wednesday night. The inaugural matches of the regular season of the 12-team Overwatch league kicked off yesterday. Fans were able to take in the three-match slate on Twitch, Major League Gaming platforms, as well as OverwatchLeague.com and its new app.

Chinanet Online Holdings Inc (NASDAQ:CNET) (Benzinga)
Chinanet Online Holdings Inc (NASDAQ:CNET) 45.13% shares rose 44 percent to $7.24. ChinaNet Online named Mr. Zhongyi Liu as Chief Strategy Officer for blockchain and business development.

Wal-Mart Stores Inc (NYSE:WMT) (Reuters)
Wal-Mart (WMT.N) edged up 0.34 percent after the world’s largest retailer decided to raise entry-level wages for hourly employees to $11 an hour in February as a result of corporate tax cuts.

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