Monday, November 29, 2021

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    Stocks that move the most at noon: Merck, Moderna, etc.

    Check out the companies that make headlines for trading at noon.

    Merck — After the announcement, the stock price soared by more than 9% New antivirals reduce the risk of death or hospitalization for Covid patients by 50%.. The pharmaceutical company will apply for an emergency use authorization.

    Modana, Regeneron — Companies using other Covid-19 drugs went bankrupt after Merck’s oral pills showed positive data in clinical trials. Moderna’s share price fell by nearly 13%, while Regeneron’s share price fell by more than 5%.

    United Airlines, Delta Air Lines, American Airlines, Southwest Airlines — Merck’s oral Covid drug has shown promising results, and airline stock prices have risen. United Airlines rose nearly 6%, Delta Air Lines rose more than 5%, and American Airlines rose about 4%.Southwest Airlines also surged by more than 4% Inventory upgrades with JP Morgan..

    Penn National Gaming, Hilton Worldwide, Norwegian Cruise Line — The good results of Merck’s Covid Pill have led to a surge in travel and entertainment inventories. Penn National Gaming rose by more than 6%, Live Nation Entertainment by more than 5%, Hilton Worldwide by more than 4% and Norwegian Cruise Line by nearly 4.8%.

    Lordstown Motors — Lordstown Motors has since confirmed that its share price has fallen by more than 15%. Announcing a $ 230 Million Sale of Ohio Assembly Plant to iPhone Maker Foxconn.. By Thursday, Lordstown Motors’ share price had risen 21%, as the deal was shown to be in progress.

    Zoom video communication — With zoom Five 9 Closed what would have been a $ 14.7 billion transaction. Shareholders of Five9 have rejected Zoom’s takeover offer. Zoom shares rose 2.2% and Five 9 shares rose 3.2%.

    Walt Disney — The news that Disney and Scarlett Johansson have settled a proceeding regarding the movie “Black Widow” has boosted the share of media giants by 3%. At the same time as his debut in the theater, Johansson sued Disney over the release of the movie on Disney + streaming services.

    Exxon mobile – Oil giants have made more than 2% progress after the company updated Wall Street with its expected third-quarter results. Exxon said in a filing with the Securities and Exchange Commission that rising oil and gas prices could increase revenues by as much as $ 1.5 billion. Analysts at Bank of America said the company is on track to achieve the highest earnings per share since the third quarter of 2014.

    International Flavors & Fragrances – International Flavors’ share has skyrocketed by more than 6% after the company’s CEO Andreas Fibig announced plans to retire. The company said Fibig would take command of the company until a successor was found.

    — CNBC’s Jesse Pond and Maggie Fitzgerald contributed to the report

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    Stocks that move the most at noon: Merck, Moderna, etc.

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