Magical Trade
Sunday, May 22, 2022
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Magical Trade
No Result
View All Result
Home Trade News

Stocks making the biggest moves midday: American Airlines, Gap, Moderna and more

by
November 30, 2021
in Trade News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Suze Orman says you can avoid 5 common mistakes people make in a stock market crisis

Which beaten down stocks should I buy for the biggest long-term upside? Here are 3 high-growth tech ideas hitting fresh 52-week lows

An American Airlines plane lands at Ronald Reagan Washington National Airport November 23, 2021 in Arlington, Virginia.

Drew Angerer | Getty Images

Check out the companies making headlines in midday trading Tuesday.

American Airlines, Norwegian Cruise Line — Travel stocks retreated, as investors continued to weigh the risks from the Covid omicron variant. American Airlines shares retreated more than 4%, Norwegian Cruise Line lost more than 6%, Wynn Resorts fell roughly 5%, and Airbnb dipped 4.9%.

Gap, Under Armour — Retail stock were under pressure after Cyber Monday online sales dropped 1.4% from last year, falling for the first time ever, according to Adobe Analytics. However, Adobe believes customers are spreading out their shopping this year and expects the entire holiday season will post record-breaking online sales growth. Gap fell more than 6%, Under Armour retreated about 5%, and Tommy Hilfiger-parent PVH Corp lost more than 4%.

Regeneron Pharmaceuticals — Regeneron shares fell more than 2% after the company said its Covid-19 antibody drugs could be less effective against the omicron Covid variant. The company said mutations in the variant suggest “there may be reduced neutralization activity of both vaccine-induced and monoclonal antibody conveyed immunity.”

Moderna, Pfizer — Shares of vaccine makers were in focus after Moderna CEO Stephane Bancel told The Financial Times he expects existing vaccines to be less effective against the omicron variant. Researchers are still studying the new variant’s reaction to prior immunity, and Oxford University said there is no evidence yet that current vaccines will not protect against severe disease from omicron. Moderna shares fell more than 6%. BioNTech shares fell more than 5%. Pfizer shares gained roughly 2%. Novavax shares added more than 2%.

Dollar Tree — The discount retailer’s stock slid 4.5% after Goldman Sachs downgraded Dollar Tree to neutral from buy. The firm said the company’s operational improvements were priced in, and that Dollar Tree would struggle with foot traffic issues in the year ahead.

Solaredge — The clean energy stock shed 6.3% after Morgan Stanley downgraded it to equal-weight. The investment firm said in a note to clients that Solaredge’s shares may be fully valued after a recent hot streak.

Meta Platforms — Facebook-parent Meta’s shares fell more than 3% after the U.K. competition watchdog said the company should sell the GIF-sharing platform Giphy, which Facebook acquired last year. The regulator said the deal could harm social media users and U.K. advertisers. Meta has said it disagrees with the decision is considering an appeal.

Beyond Meat, Oatly — Shares of Beyond Meat and Oatly retreated roughly than 6% and 7%, respectively, after HSBC initiated coverage of the protein stocks at a reduce rating. “Given the prospect of heightened competition, the growth we forecast will be insufficient for many participants to achieve their lofty growth ambitions,” the firm said.

Twitter, Square — Shares of Twitter and Square retreated more than 5% and 2%, respectively. The moves come a day after Jack Dorsey announced he is stepping down as CEO of Twitter while staying on as chief executive at Square. Bank of America upgraded Square to neutral from underperform and reiterate a buy rating for Twitter.

— CNBC’s Jesse Pound and Tanaya Macheel contributed reporting

ShareTweetPin

Related Posts

Suze Orman says you can avoid 5 common mistakes people make in a stock market crisis

by
May 22, 2022
0

Motley Fool 2 Top Electric Vehicle Stocks to Buy for the Long Haul Tesla (NASDAQ: TSLA) is the undisputed EV...

Which beaten down stocks should I buy for the biggest long-term upside? Here are 3 high-growth tech ideas hitting fresh 52-week lows

by
May 22, 2022
0

Motley Fool Market Plunge: 1 Stock-Split Stock to Buy Now and Hold Forever In recent months, several investor-favorite stocks have...

First baby formula shipment arrives from Europe on U.S. military plane

by
May 22, 2022
0

A military cargo plane carrying the first shipment of infant formula from Europe to address a critical shortage in the...

Conditions Are Ripe for a Deep Bear Market

by
May 22, 2022
0

Previous bear markets have bottomed out when the Federal Reserve eased monetary policy. Photo: JOSHUA ROBERTS/REUTERS With the S&P 500...

Quarterly Starts by Purpose and Design: "Built for rent" Increasing

by
May 22, 2022
0

by Calculated Risk on 5/22/2022 11:48:00 AM Along with the monthly housing starts for April last week, the Census Bureau...

Next Post

Dow drops 500 points after Powell mentions speeding up taper even amid omicron threat

Elizabeth Warren ally Cordray under discussion for Fed bank supervisor role, key senator says

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Fund manager believes FAANG is dead — says now it’s all about MANTA

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Bank of America names its top global tech stocks — including one it says has upside of 100%

    0 shares
    Share 0 Tweet 0
  • ‘Conviction sell’: UBS says avoid these global stocks amid rising headwinds

    0 shares
    Share 0 Tweet 0
  • These are the global stocks to own if stagflation hits, according to Credit Suisse

    0 shares
    Share 0 Tweet 0
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.magicaltrade.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.magicaltrade.net