Boxes containing the Moderna COVID-19 vaccine are ready to be shipped at the McKesson distribution heart in Olive Branch, Mississippi, December 20, 2020.
Paul Sancya | Pool | Reuters
Check out the corporations making headlines in noon buying and selling Monday.
Global Payments — Shares of the firm sank 9.2% 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 steering that was roughly in keeping with analyst expectations.
Vertex Pharmaceuticals — The biotech firm’s shares fell 4.1% after the Food and Drug Administration positioned a examine of Vertex’s therapy for sort 1 diabetes on maintain, after figuring out there’s inadequate info to help dose escalation with the product.
Moderna – Shares of Moderna jumped 5.7% after the firm stated its Covid-19 vaccine for children under 6 years old can be prepared for evaluate in June by a Food and Drug Administration panel. Moderna utilized for emergency use authorization for the therapy final week.
Moody’s Corp — The danger evaluation agency dropped 4.9% after the firm reduce its full-year earnings steering. The firm now expects full-year earnings to vary between $10.75 and $11.25 per share excluding objects. Previous steering projected between $12.40 and $12.90 per share. Analysts estimated $11.92, in line with FactSet.
Align Technology — Shares of the medical system maker jumped 6.5% after the firm introduced a $200 million accelerated inventory repurchase program.
EPAM Systems — Shares of the software program firm EPAM Systems gained 8.7% after Piper Sandler upgraded them to obese from impartial, citing its program checks.
Johnson Controls — Shares rose 2.8% after Bank of America initiated coverage of the HVAC producer with a purchase ranking. Johnson Controls International has 42% upside from right here due to the pattern towards decarbonization, particularly in the building of sensible buildings, in line with Bank of America.
Activision Blizzard — Shares of Activision Blizzard rose 3.3% after Warren Buffett stated Berkshire Hathaway has been upping its stake in the video game publisher and owns about 9.5% because it bets that Microsoft will shut its proposed acquisition of the firm.
Amazon — Amazon misplaced 3% earlier than turning barely optimistic, following sharp losses from final week, when it reported a big net loss for the most-recent quarter and a issued bleak monetary forecast. Wedbush Securities additionally eliminated the inventory from its Best Ideas listing.
— CNBC’s Sarah Min, Samantha Subin and Hannah Miao contributed reporting.