Stock Groups

General Motors, Astra and more


On a water tank at the General Motors Assembly Plant in Ramos Arizpe in Coahuila, Mexico, February 11, 2021, you can see the GM logo

Daniel Becerril | Reuters

Take a look at the top midday traders.

Activision Blizzard — The video game stock continues to be on watch as the company has come under fire following reports of alleged sexual misconduct. The shares fell more than 2% Monday. According to reports, Bobby Kotick, Activision’s CEO, said that he might consider quitting his job if culture issues at the company aren’t fixed. Wall Street Journal report Sunday.

Teladoc — Shares of the virtual healthcare services company dropped nearly 7% after BTIG downgraded the stockTo neutralize from buy. BTIG stated that it was disappointed with its membership growth forecasts and said membership is “the best indicator of long-term economic growth.”

General Motors — Shares of General Motors rose 3.5% after CNBC reported that the company has acquired a 25% stakePure Watercraft is a Seattle-based boating startup. GM will become a supplier of components to Pure Watercraft and will provide engineering, design and manufacturing expertise to help it establish new factories.

Rivian, Ford — Rivian shares tumbled more than 13%, extending its losses from Friday on news that a deal with Ford to jointly develop an electric vehicle has been canceled. Ford shares increased by 4%

Tesla — Shares of Tesla rose more than 3% after CEO Elon Musk tweeted that the company’s Model S Plaid electric sedan would “probably” launchIn China, early next spring as a response to another Twitter user’s question.

Blink Charging — Shares of the EV charging company slid more than 10% after Cowen downgraded the stockTo a market performance rating. According to the firm, the valuation of the company now seems stretched in comparison with peers due to the recent “euphoric” run on EV-charging stocks. Recent sessions have seen a significant boost for the group thanks to infrastructure bills, which provide billions of dollars in funding for national charging networks.

Vaccine makers — Vaccine makers’ shares rose after the Centers for Disease Control and Prevention on Friday gave final clearanceFor their Covid booster shots to U.S. adult. Pfizer, BioNTech and others reported positive results from studies with vaccine recipients aged 12-15 years. ModernaMonday’s gain was 8.3% PfizerPartner added an additional 1% BioNTechThe increase was more than 8%

VonageEricsson — Shares of Vonage soared 25% following news it will be acquiredEricsson, a Swedish telecom company, for $6.2 Billion. This deal follows Ericsson’s closing of the Ericsson acquisition for $6.2 billion in 2022. acquisition of U.S. wireless networking company CradlepointLast year, the company was worth $1.1 billion. Ericsson’s shares dropped more than 6%.

Astra — Shares of the rocket builder surged 26% after the company reached orbit for the first timeThe weekend was a busy one. Astra’s rocket LV0007 was launched on Saturday from Kodiak (Alaska) with a payload test for U.S. Space Force.

Banks — Bank stocks moved higher along with Treasury yields after President Joe Biden announced his renomination of Jerome Powell to continue to lead the Federal Reserve. JPMorgan, Goldman Sachs, Bank of AmericaAll of them rose above 2% Morgan Stanley Wells FargoGained more than 33% Bank stocks tend to benefit from rising interest rates because they allow for higher profits.

 — CNBC’s Hannah Miao, Pippa Stevens and Yun Li contributed reporting