Vials with Pfizer-BioNTech and Moderna coronavirus disease (COVID-19) vaccine labels are seen in this illustration photo taken on March 19, 2021.
Thado Ruvik | Reuters
Take a look at the companies making headlines in midday trading.
Moderna – Shares of the drugmaker rose 19.6% after the company released promising data on its cancer treatment. Moderna It announced its experimental melanoma vaccine associated with Merck The cancer treatment Keytruda reduced the risk of skin cancer recurrence or death by 44% compared with Keytruda alone.
First Solar – Solar shares trailed by 4.5% An announcement on Monday That it will be changed Fortune Brands Home & Security In S&P 500. Fortune Brands, spinning off a division, will replace First Solar in the S&P MidCap 400 Index. Added 2.1%
Pfizer – The Covid vaccine maker gained 1.7% after Goldman Sachs Upgraded the stock to Buy from NeutralImprovements in other areas led the company to believe the stock would perform even if demand for its pandemic-related offerings eased.
Oracle – Shares of the software company fell about 1%. Late Monday, the company posted better-than-expected results for its fiscal second quarter as cloud infrastructure revenue rose. However, Oracle released a Easier revenue forecasting than analysts predicted.
Fiverr – Shares of the freelance services marketplace operator rose nearly 2% after coverage on Citi shares at a buy rating. Stocks like Fiverr are already reflecting concerns about macroeconomic weakness, the company said.
United Airlines – Airline shares fell 6.9% following the news It is buying at least 100 Boeing 787 Dreamliners To replace less fuel efficient aircraft. These aircraft will be delivered between 2024 and 2032. Boeing Shares added about 0.5%.
Pinterest – Shares of the social media company rose 11.9% after Piper Chandler upgraded Pinterest from neutral to overweight. Researcher Thomas Champion Highlighted the positive view of advertisers Reasons for the upgrade include Pinterest and a potential stock buyback.
Amazon And Meta Shares of Amazon and Meta rose 2.1% and 4.7%, respectively, after Goldman Sachs named the stock one of its top picks for 2023.
Mobile The self-driving company rose 4.9% after JPMorgan began overweighting the stock, citing “strong fundamentals.”
Norwegian Cruise Line – Kruse fell 2.8% after UBS downgraded the stock to neutral from buy. The company said the stock’s risk/reward is not attractive following its decline.
prevent – Block rallied more than 7% after Piper Sandler upgraded the stock from neutral to overweight, saying it sees “years” of steady earnings growth and earnings.
Hayward Holdings – Shares of Poole stock traded up 1.5% after Stifel began buying shares and said it had solid growth prospects.
— CNBC’s Michelle Fox, Yun Li, Jesse Pound, Tanaya Machill, Samantha Subin and Carmen Reinicke contributed reporting.