Cash Live
    Trending
    • Automakers are jacking up prices on electric vehicles to bake in rising materials costs
    • Stocks making the biggest moves after the bell: Palo Alto Networks, Ross Stores, Deckers & more
    • Want to change the world? Bill Gates says you should ‘read a lot’ and ‘find a skill you enjoy’
    • These 10 companies help pay for their employees’ vacations
    • America’s small businesses aren’t ready for a cyberattack
    • Who needs LeBron? Luka Doncic, Ja Morant, playoff ratings put NBA in a strong position for next media rights cycle
    • Creating a special needs trust? Here are the costs, what you need to know and who to use
    • As college enrollment tanks, there’s a growing push to celebrate students going into skilled trades
    • Personal Finance
    • Investing
      • Investing
      • Advisors
      • Investor Tips
    • Earnings
    • Business
      • Business
      • Small Business
    • Finance
      • Finance
      • Wealth
    Cash Live
    Home»Finance»Stocks making the biggest moves midday: Dell, Twitter, Moderna and more
    Finance

    Stocks making the biggest moves midday: Dell, Twitter, Moderna and more

    September 13, 2021No Comments3 Mins Read
    105866371 1556028303346gettyimages 1060578038 scaled
    Share
    Facebook Twitter LinkedIn Pinterest Email

    In this article

    • SPCE
    • APA
    • OXY
    • DELL
    Twitter CEO and co-founder Jack Dorsey gestures while interacting with students at the Indian Institute of Technology (IIT) in New Delhi on November 12, 2018.
    Prakash Singh | AFP | Getty Images

    Check out the companies making headlines in midday trading.

    Marathon Oil — Shares of the exploration and production company jumped roughly 7% amid an advance in oil prices. APA and Occidental each gained more than 6%, and every component in the energy sector traded in the green around noon on Wall Street. West Texas Intermediate crude futures, the U.S. oil benchmark, broke above $70 on Monday.

    Virgin Galactic — Virgin Galactic fell 1.3% after the company said it would delay its first commercial research space mission, due to a third-party supplier that warned about a potential manufacturing defect in a part used in the flight control system. The flight was scheduled for late September or early October.

    Airbnb, Twitter — Airbnb and Twitter fell 2.8% and 3.2%, respectively, after Goldman Sachs initiated coverage of both stocks with sell ratings. Goldman said that Twitter will struggle to reach its revenue goals while Airbnb’s stock was still at risk from uncertainty around the travel industry’s recovery.

    Tencent Music Entertainment — Tencent Music fell 3% after Loop downgraded the stock from buy to hold. The firm said it expects there will be a “slow path to sentiment recovery for the sector,” that it sees greater regulatory headwinds for online media assets and that it would rather be positioned in online retail assets.

    Dell — Shares of Dell gained 3.7% after Goldman Sachs added the computer maker to its conviction buy list. The firm’s price target of $137 on the stock implies 44% upside to the Dell’s Friday closing price. “We believe strong cash flow generation and a clear road map for a debt paydown continue to argue for a multiple on Standalone Dell closer to comps,” Goldman said.

    Vaccine makers – Pfizer and its partner BioNTech saw shares fall more than 2% and 5.5%, respectively, despite a Reuters report on Friday that said their Covid-19 vaccine could be authorized for use in children between 5 and 11 years old as soon as October. Meanwhile, Moderna shares fell over 4% after a report that Covid booster shots are “not appropriate” at this time, according to data by U.S. and international scientists conclude.

    Carlyle Group – Shares of the private equity firm rose 1.7% after it said it’s considering a $6 billion sale or initial public offering for packaging company Novolex, according to Bloomberg. The private-equity firm bought Novolex for an undisclosed amount in November 2016.

     — CNBC’s Jesse Pound, Pippa Stevens and Hannah Miao contributed reporting

    Become a smarter investor with CNBC Pro. 
    Get stock picks, analyst calls, exclusive interviews and access to CNBC TV. 
    Sign up to start a free trial today

    This article was originally published by Cnbc.com. Read the original article here.
    fqw82np

      Related Posts

      Stocks making the biggest moves after the bell: Palo Alto Networks, Ross Stores, Deckers & more

      May 22, 2022

      Stocks close flat in wild session Friday that saw the S&P 500 briefly fall into a bear market

      May 21, 2022

      Stephen Roach calls stagflation his base case, warns market is unprepared for the consequences

      May 21, 2022

      Stocks making the biggest moves midday: Deere, Foot Locker, Palo Alto Networks and more

      May 20, 2022
      Add A Comment

      Leave A Reply Cancel Reply

      Signup for our Newsletter
      Advert
      “Managed
      Investing

      The CEO of the world’s second-largest alternatives firm is optimistic about a light recession

      May 20, 2022

      Crypto exchange FTX U.S. moves into stock trading

      May 19, 2022

      Rising fuel costs are a massive problem for business and consumers — Here’s why they’re so high

      May 19, 2022

      Melvin Capital says it’s winding down funds and returning money to investors during market turmoil

      May 19, 2022
      Finance

      Stocks making the biggest moves after the bell: Palo Alto Networks, Ross Stores, Deckers & more

      May 22, 2022

      These 10 companies help pay for their employees’ vacations

      May 21, 2022

      As college enrollment tanks, there’s a growing push to celebrate students going into skilled trades

      May 21, 2022

      Stocks close flat in wild session Friday that saw the S&P 500 briefly fall into a bear market

      May 21, 2022
      Earnings

      Cisco stock plunges as company forecasts surprising revenue decline

      May 20, 2022

      Palo Alto Networks stock jumps after company lifts full-year forecast

      May 20, 2022

      Kohl’s says final sale bids expected in coming weeks; retailer slashes full-year outlook after earnings miss

      May 19, 2022

      Bath & Body Works shares fall as retailer cuts profit outlook due to inflation

      May 19, 2022
      Categories
      • Advisors
      • Business
      • Earnings
      • Finance
      • Investing
      • Investor Tips
      • Personal finance
      • Small Business
      • Wealth
      Archives
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • September 2019
      • July 2019
      • September 2018
      • May 2018
      • March 2018
      • February 2018
      • December 2017
      • September 2017
      • June 2017
      • May 2017
      • April 2017
      • March 2017
      • December 2016
      • September 2016
      • August 2016
      • July 2016
      • June 2016
      • May 2016
      • April 2016
      • March 2016
      • October 2015
      • September 2015
      • July 2015
      • June 2015
      • March 2015
      • February 2015
      • January 2015
      • December 2014
      • October 2014
      • September 2014
      • July 2014
      Signup for our Newsletter
      Advert
      Uselful links
      • Contact
      • About us
      • DMCA / Copyrights Disclaimer
      • Privacy Policy
      • Terms and Conditions
      • Cookie Policy (US)
      • Cookie Policy (EU)
      © 2022 Designed and Powered by JL Digital webbyrå.

      Type above and press Enter to search. Press Esc to cancel.

      Manage Cookie Consent
      To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
      Functional Always active
      The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
      Preferences
      The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
      Statistics
      The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
      Marketing
      The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
      Manage options Manage services Manage vendors Read more about these purposes
      View preferences
      {title} {title} {title}