Wednesday, July 2, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Moderna, Pepsi, Lyft and more

by Euro Times
October 12, 2022
in Stock Market
Reading Time: 4 mins read
A A
0
Home Stock Market
Share on FacebookShare on Twitter


Pepsi products are displayed for sale in a Target store on March 8, 2022 in Los Angeles, California.

Mario Tama | Getty Images

Check out the companies making the biggest moves midday Wednesday:

Moderna — Shares of Moderna surged 10% after the drug maker announced it will partner with Merck to jointly develop and sell a cancer vaccine. Moderna’s vaccine is being studied in combination with Merck’s Keytruda to treat patients with high-risk melanoma in a Phase 2 trial.

Norwegian Cruise Line Holdings — Shares of Norwegian rose nearly 8% after UBS upgraded the cruise operator to a buy and said its shares can rally 30% given the significant improvement in bookings in its third-quarter preview. Competing stocks Royal Caribbean and Carnival each added more than 6%.

T. Rowe Price — Shares of T. Rowe Price tumbled 5% after the financial firm said preliminary net outflows for the third quarter were $24.6 billion, bringing preliminary year-to-date net outflows to $44.6 billion. It reported preliminary month-end assets under management of $1.23 trillion as of Sept. 30.

American International Group — AIG’s stock rallied 3% after Jeffries upgraded it to buy from hold. Jefferies said it sees “unappreciated core growth” for the global insurance company.

PepsiCo — Shares of the snack and beverage maker jumped 4.3% after the company reported profits and revenue that topped analyst expectations. Pepsi also raised its guidance for the year as it was able to successfully raise prices on its products.

Lyft — Lyft shares gained 5.8% following an upgrade from Gordon Haskett to buy from hold. The firm said the stock is trading at attractive levels and should benefit as driver supply improves. The upgrade came after shares fell Tuesday as the Labor Department proposed a change to how gig workers are classified.

Philips — Netherlands-based Philips fell more than 11% to a 52-week low after it said third-quarter core profit would be down about 60% from last year. The health tech company also reported a hit of about $1.3 billion to the value of its respiratory care offering.

Cameco — Shares of the uranium producer plunged 15% after Cameco signed an agreement with power plant operator Brookfield Renewable Partners to buy Westinghouse Electric in a deal worth $7.9 billion, including debt. Brookfield Renewable Partners slid nearly 2%.

El Pollo Loco — El Pollo Loco’s stock jumped 14.4% after the restaurant operator announced a $1.50 per share special dividend Tuesday. It also announced a new share repurchase program worth up to $20 million.

KnowBe4 — Shares of KnowBe4 rallied 14% after the Wall Street Journal reported the cybersecurity firm is close to finalizing a deal to be bought by private equity firm Vista Equity Partners. The deal is worth about $4.5 billion, people familiar with the matter told the paper.

Rocket Lab — Shares dropped 5.7% after Credit Suisse initiated coverage of the space stock with an underperform rating, citing a challenging growth trajectory ahead for the industry. The firm said Rocket Lab has roughly 30% downside from here.

American Airlines — American Airlines’ stock rose 2%, a day after the carrier said its third-quarter sales likely came in better than it previously expected. Revenue for the three months ended Sept. 30 will be up 13% from the same period of 2019, when it brought in $11.91 billion, American Airlines said.

— CNBC’s Tanaya Macheel, Samantha Subin, Alex Harring and Sarah Min contributed reporting.



Source link

Tags: LyftModernaPepsi
Previous Post

The Bursting of a Stock Market Superbubble

Next Post

Episode #449: Jim Rogers – The Adventure Capitalist’s View of Global Markets – Meb Faber Research

Related Posts

Butterfly Network: Still A Long Way From Profitability (NYSE:BFLY)

Butterfly Network: Still A Long Way From Profitability (NYSE:BFLY)

by Macrotips Trading
July 1, 2025
0

This text was written byObserveWriter of the Macro Traits & Inflection Factors E-newsletter. I spent 5 years as a co-founder...

How an Online B2B Resale Platform Helps Curb Fashion Supply Chain Waste

How an Online B2B Resale Platform Helps Curb Fashion Supply Chain Waste

by Editorial Team
July 1, 2025
0

With consciousness of the environmental challenges related to quick vogue and the linear “take-make-dispose” mannequin, the business is at a...

BYD: Time To Lock In Some Profits After A Massive Rally (OTCMKTS:BYDDF)

BYD: Time To Lock In Some Profits After A Massive Rally (OTCMKTS:BYDDF)

by Akim Guerreiro
July 1, 2025
0

This text was written byObserveI'm at all times looking out for strongly undervalued shares, within the filth and underneath the...

Genie Energy: Green Energy Player (NYSE:GNE)

Genie Energy: Green Energy Player (NYSE:GNE)

by Long Player
July 1, 2025
0

This text was written byObserveLengthy Participant believes oil and fuel is a boom-bust, cyclical business. It takes persistence, and it...

#3: “How Long Can US Stocks Underperform Foreign Stocks?” – Meb Faber Research

#3: “How Long Can US Stocks Underperform Foreign Stocks?” – Meb Faber Research

by Meb Faber
July 1, 2025
0

In our final piece, we examined simply how lengthy US shares can go underperforming US bonds. The reply was, rather...

CFTC CoTs Report Confirms There Is Little Froth In The Gold Market

CFTC CoTs Report Confirms There Is Little Froth In The Gold Market

by World Gold Council
June 30, 2025
0

This text was written byComply withThe World Gold Council is the market improvement group for the gold business. Our function...

Next Post
Episode #449: Jim Rogers – The Adventure Capitalist’s View of Global Markets – Meb Faber Research

Episode #449: Jim Rogers – The Adventure Capitalist’s View of Global Markets - Meb Faber Research

Cash is king again as money managers are in no rush to embrace risk with Fed raising rates

Cash is king again as money managers are in no rush to embrace risk with Fed raising rates

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

SEC Clears Grayscale Digital Large Cap Fund for NYSE Arca ETF Listing

SEC Clears Grayscale Digital Large Cap Fund for NYSE Arca ETF Listing

July 2, 2025
Ambrook, a startup providing specialized accounting software for US farmers and ranchers, raised a .1M Series A led by Thrive Capital and Figma's Dylan Field (Allie Garfinkle/Fortune)

Ambrook, a startup providing specialized accounting software for US farmers and ranchers, raised a $26.1M Series A led by Thrive Capital and Figma's Dylan Field (Allie Garfinkle/Fortune)

July 2, 2025
Trump says Israel agrees on terms for 60-day ceasefire deal in Gaza & warns Hamas to accept as it will ‘only get worse’

Trump says Israel agrees on terms for 60-day ceasefire deal in Gaza & warns Hamas to accept as it will ‘only get worse’

July 2, 2025
SOL Sells-off As Traders Target 4

SOL Sells-off As Traders Target $124

July 1, 2025
Trump And Kristi Noem Lose It And Threaten To Criminally Prosecute CNN

Trump And Kristi Noem Lose It And Threaten To Criminally Prosecute CNN

July 2, 2025
Mexican banks face cascading consequences following US sanctions

Mexican banks face cascading consequences following US sanctions

July 1, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

SEC Clears Grayscale Digital Large Cap Fund for NYSE Arca ETF Listing

Ambrook, a startup providing specialized accounting software for US farmers and ranchers, raised a $26.1M Series A led by Thrive Capital and Figma's Dylan Field (Allie Garfinkle/Fortune)

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In