Listed here are the corporate’s making headlines in noon buying and selling:
Moderna — The biotech inventory jumped 7% after a Food and Drug Administration committee voted to recommend Moderna’s Covid vaccine to kids ages six by way of 17. The FDA is anticipated to authorize vaccines for kids later this week.
Robinhood — Shares of the retail brokerage fell 1.7% following a downgrade to neutral at Atlantic Equities. Atlantic cited declining customers and regulatory points as threats to Robinhood’s inventory.
Snowflake — The software program inventory jumped 7% following an improve to purchase from maintain by Canaccord Genuity. The funding agency stated Snowflake’s inventory seems to be low cost primarily based on the corporate’s long-term development potential.
Liberty Media Formula One — The sports activities media inventory rose greater than 5% after Morgan Stanley upgraded Liberty Media’s Formula One holdings to overweight. Rising curiosity within the racing sequence ought to result in “compounding development for its buyers,” Morgan Stanley stated.
Boeing — The aerospace inventory rose 8% after Reuters reported that airline China Southern carried out take a look at flights with Boeing’s 737 Max jet. Shares of Boeing have been risky just lately and are on monitor for his or her fifth straight session of a 4% or higher transfer in both path.
Skechers — Shares of the shoe firm added 2.8% on the heels of an upgrade from Argus Research. Argus cited model power and provide chain enhancements as causes to be bullish on Skechers within the coming years.
Spotify — The streaming inventory surged 7% after Wells Fargo upgraded Spotify to equal weight from underweight. Wells Fargo stated Spotify has room to enhance its margins.
Microstrategy — Shares of the tech firm rose greater than 9% after CEO Michael Saylor defended the company’s strategy of investing in bitcoin on CNBC’s “Squawk on the Street.” The corporate’s inventory has fallen sharply this yr as the worth of bitcoin has declined by greater than 50%.
Tapestry — The attire inventory jumped greater than 4% after an upgrade to buy at Jefferies. The funding agency stated Tapestry’s enchancment in its digital enterprise and alternatives in China present upside for the inventory.
Sweetgreen — Shares jumped greater than 3% after the salad chain was named a finest small- and mid-cap thought by Cowen. Analysts appreciated the inventory as a part of a pandemic restoration play, and for the corporate’s publicity to increased revenue shoppers.
— CNBC’s Sarah Min and Michael Bloom contributed reporting.