Patties of Beyond Meat Inc.’s plant-based burger Beyond Burger are cooked on a skillet.
Yuriko Nakao | Getty Images
Check out the firms making headlines in noon buying and selling.
Beyond Meat — Shares of the various meat firm surged round 10% after Bernstein double upgraded the inventory to outperform from underperform. Beyond Meat’s inventory is down almost 40% since January, however Bernstein stated gross sales ought to achieve steam once more as the financial reopening widens.
Virgin Galactic Holdings – Virgin Galactic shares jumped roughly 19% following the firm’s Saturday spaceflight test. The take a look at, which is a step ahead for the area tourism firm, had beforehand been delayed for more than six months. At one level on Monday the inventory turned optimistic for 2021.
AMC Entertainment — Shares of the movie show chain jumped about 12% after the firm’s largest shareholder Dalian Wanda Group, a Chinese conglomerate, bought most of its stake in AMC. A Securities and Exchange Commission filing on Friday reveals Dalian Wanda bought 30.four million shares for about $427 million.
Dollar General — Shares of the low cost retailer fell 3% after Bank of America downgraded the inventory to underperform from impartial. The agency stated in a observe that Dollar General tends to underperform when fuel costs are excessive.
Norwegian Cruise Line — Shares of the cruise operator popped about 3% in noon buying and selling after the firm introduced plans to return cruising in the U.S. this summer season.
HP — The tech inventory rose about 0.5% after Citi upgraded HP to purchase from impartial. The agency stated in a observe to shoppers that demand for private computer systems ought to stay robust publish pandemic.
Moderna — Shares of Modera edged 1.6% greater after the pharmaceutical firm introduced a manufacturing agreement Saturday with South Korean biotech firm Samsung Biologics. The transfer will allow Moderna to offer its Covid-19 vaccine outdoors of the U.S. beginning in the third quarter of 2021, the firm stated.
— CNBC’s Maggie Fitzgerald, Pippa Stevens and Jesse Pound contributed reporting.
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