Shell Down, Maersk Dips, Silex Microsystems Soars
Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Shell said its profit surged in the first quarter as the Iran war drove oil and gas prices higher and the conflict caused a increase in volatility that boosted its big trading business. However, the oil major cut its quarterly share buyback to $3 billion from $3.5 billion.- The CEO of Moller-Maersk said the oil shock caused by the Iran war will significantly raise costs this quarter and next, which the world’s No. 2 container carrier will seek to fully pass on to customers.- Silex Microsystems…
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