Boxes containing the Moderna COVID-19 vaccine are ready to be shipped on the McKesson distribution middle in Olive Branch, Mississippi, December 20, 2020.
Paul Sancya | Pool | Reuters
Check out the businesses making headlines in noon buying and selling Monday.
Global Payments — Shares of the corporate sank 9.8% regardless of a better-than-expected earnings report. The funds know-how firm reported adjusted quarterly revenue of $2.07 per share, beating a Refinitiv forecast by 3 cents. Revenue additionally topped analyst forecasts. The firm additionally issued full-year income steerage that was roughly according to analyst expectations.
Vertex Pharmaceuticals — The biotech firm’s shares fell 5.5% after the Food and Drug Administration positioned a examine of Vertex’s remedy for sort 1 diabetes on maintain, after figuring out there’s inadequate data to help dose escalation with the product.
Moderna – Shares of Moderna jumped 6.8% after the corporate stated its Covid-19 vaccine for youngsters underneath 6 years previous will probably be prepared for evaluation in June by a Food and Drug Administration panel. Moderna utilized for emergency use authorization for the remedy final week.
Moody’s Corp — The danger evaluation agency dropped 4.9% after the corporate reduce its full-year earnings steerage. The firm now expects full-year earnings to vary between $10.75 and $11.25 per share excluding objects. Previous steerage projected between $12.40 and $12.90 per share. Analysts estimated $11.92, in accordance with FactSet.
Align Technology — Shares of the medical gadget maker jumped 5.4% after the corporate introduced a $200 million accelerated inventory repurchase program.
EPAM Systems — Shares of the software program firm EPAM Systems gained greater than 5% after Piper Sandler upgraded them to obese from impartial, citing its program checks.
Johnson Controls — Shares rose 1.6% after Bank of America initiated protection of the HVAC producer with a purchase ranking. Johnson Controls International has 42% upside from right here due to the development towards decarbonization, particularly within the building of sensible buildings, in accordance with Bank of America.
Activision Blizzard — Shares of Activision Blizzard rose 2.9% after Warren Buffett stated Berkshire Hathaway has been upping its stake within the online game writer and owns about 9.5% because it bets that Microsoft will shut its proposed acquisition of the corporate.
Amazon — Amazon misplaced 3% on Monday, constructing on its sharp losses from final week, when it reported an enormous web loss for the most-recent quarter and a issued bleak monetary forecast. Wedbush Securities additionally eliminated the inventory from its Best Ideas record.
— CNBC’s Sarah Min, Samantha Subin and Hannah Miao contributed reporting.