Moderna, Carnival, Zoom and more – .

Moderna, Carnival, Zoom and more – .

Find out which companies are making headlines in pre-market trading.
Moderna – Shares of the vaccine maker continued to rally, surging more than 11% in trading early Monday morning after gaining 20% ​​on Friday. On Sunday, the company’s chief medical officer said Moderna could roll out a reformulated vaccine against the omicron variant of Covid early next year.

Airlines – Major airlines rose as investors bought the decline following further travel suspensions to Asia and Europe, in response to the newly discovered omicron variant of Covid-19. United, Delta and American Airlines each gained around 1%, after losing around 7% on Friday. Travel booking site Expedia also rose about 2%.

Cruise lines – Carnival, Royal Caribbean Cruises and Norwegian Cruise Line Holdings each rose more than 3% as part of the wider rebound in travel inventories following Friday’s omicron-induced sell-off.

Allbirds – Shares of the shoe maker rose 2.5% after several analysts started hedging the stock. Morgan Stanley and Bank of America both posted a price target of $ 23, which implies a 16% rise at Friday’s close.

Coinbase – Shares of the cryptocurrency exchange rose more than 2% as the price of bitcoin rebounded, after selling with the larger stock market on Friday. Other crypto-related stocks also saw a boom, with Microstrategy up 3.4%. Tesla and Square added more than 1%.

Zoom Video – Zoom stocks fell almost 2%, moving in the opposite direction of travel stocks and after jumping 5.7% on Friday. Other home stocks also edged down on Monday morning, including Peloton, Netflix and Teladoc.

Merck – The pharmaceutical company’s shares fell 1.8% after Citi lowered its stock to neutral from the buyout, saying development challenges for the company’s anti-HIV drug, islatravir , will harm Merck’s long-term potential.

Wynn Resorts, Las Vegas Sands – Macau’s gaming industry is in decline after Alvin Chau, head of Macau’s largest casino operator, and 10 others were arrested for allegedly illegal gaming platforms targeting Chinese people mainland, according to a South China Morning Post report. Wynn fell 1.9% and Las Vegas Sands fell 1.2%


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