Stocks making the biggest moves midday: Global Payments, Moderna, Activision Blizzard and more

Stocks making the biggest moves midday: Global Payments, Moderna, Activision Blizzard and more


Boxes containing the Moderna COVID-19 vaccine are prepared to be shipped at the McKesson distribution center in Olive Branch, Mississippi, December 20, 2020.

Paul Sancya | Pool | Reuters

Check out the companies making headlines in midday trading Monday.

Global Payments — Shares of the company sank 9.8% despite a better-than-expected earnings report. The payments technology company reported adjusted quarterly profit of $2.07 per share, beating a Refinitiv forecast by 3 cents. Revenue also topped analyst forecasts. The company also issued full-year revenue guidance that was roughly in line with analyst expectations.

Vertex Pharmaceuticals — The biotech company’s shares fell 5.5% after the Food and Drug Administration placed a study of Vertex’s treatment for type 1 diabetes on hold, after determining there is insufficient information to support dose escalation with the product.

Moderna – Shares of Moderna jumped 6.8% after the company said its Covid-19 vaccine for children under 6 years old will be ready for review in June by a Food and Drug Administration panel. Moderna applied for emergency use authorization for the treatment last week.

Moody’s Corp — The risk assessment firm dropped 4.9% after the company cut its full-year earnings guidance. The company now expects full-year earnings to range between $10.75 and $11.25 per share excluding items. Previous guidance projected between $12.40 and $12.90 per share. Analysts estimated $11.92, according to FactSet.

Align Technology — Shares of the medical device maker jumped 5.4% after the company announced a $200 million accelerated stock repurchase program.

EPAM Systems — Shares of the software company EPAM Systems gained more than 5% after Piper Sandler upgraded them to overweight from neutral, citing its program checks.

Johnson Controls — Shares rose 1.6% after Bank of America initiated coverage of the HVAC producer with a buy rating. Johnson Controls International has 42% upside from here because of the trend toward decarbonization, specifically in the construction of smart buildings, according to Bank of America.

Activision Blizzard — Shares of Activision Blizzard rose 2.9% after Warren Buffett said Berkshire Hathaway has been upping its stake in the video game publisher and owns about 9.5% as it bets that Microsoft will close its proposed acquisition of the company.

Amazon — Amazon lost 3% on Monday, building on its sharp losses from last week, when it reported a big net loss for the most-recent quarter and a issued bleak financial forecast. Wedbush Securities also removed the stock from its Best Ideas list.

— CNBC’s Sarah Min, Samantha Subin and Hannah Miao contributed reporting.



Source

Stocks making the biggest moves midday: Insulet, Pinterest, Sweetgreen, Lyft, Microchip Technology and more
Finance

Stocks making the biggest moves midday: Insulet, Pinterest, Sweetgreen, Lyft, Microchip Technology and more

Check out the companies making headlines in midday trading: Insulet — The medical device stock surged more than 19% after first-quarter results beat estimates on the top and bottom lines. Insulet reported adjusted earnings of $1.02 per share on $569.0 million of revenue. Analysts surveyed by FactSet were looking for 79 cents per share and […]

Read More
Stocks making the biggest moves premarket: Pinterest, Lyft, Coinbase, BP, Affirm and more
Finance

Stocks making the biggest moves premarket: Pinterest, Lyft, Coinbase, BP, Affirm and more

Check out the companies making headlines before the bell. Coinbase — The cryptocurrency exchange slipped 2% following disappointing top-line results for the first quarter . Coinbase reported revenue of $2.03 billion, while analysts polled by LSEG were expecting $2.12 billion. Earnings fell to 24 cents per share from $4.40 per share a year ago. Expedia […]

Read More
Stocks making the biggest moves after hours: Affirm, Coinbase, Pinterest and more
Finance

Stocks making the biggest moves after hours: Affirm, Coinbase, Pinterest and more

Check out the companies making headlines in extended trading. Affirm — Stock in the buy now, pay later company pulled back nearly 8%. Affirm issued fiscal fourth- quarter revenue guidance ranging between $815 million and $845 million, with a midpoint of $830 million. That’s short of the consensus estimate of $841 million, per LSEG. Pinterest […]

Read More