Stock Groups

Moderna, Carnival, Zoom and more

Take a look at the top premarket traders.

Moderna — Shares of the vaccine maker continued their rally, jumping more than 11% in early morning trading Monday after gaining 20% on Friday. Moderna was the name of the chief medical officer at Moderna. could roll out a reformulated vaccine against the omicron variant of Covid early next year.

Airlines — Major airlines ticked up as investors bought the dip following new travel suspensions in Asia and EuropeResponding to the recently discovered Covid-19 omicron variant. United, Delta American AirlinesAfter losing 7% Friday, each site gained 1%. Travel booking site ExpediaAlso, the rise was about 2%

Cruise lines — Carnival, Royal Caribbean Cruises Norwegian Cruise Line HoldingsEach rose by more than 3 percent amid a wider rebound in travel stocks following Friday’s omicron driven sell-off.

Allbirds — Shares of the shoe manufacturer rose 2.5% after several analysts initiated coverage of the stock. Morgan Stanley and Bank of America each set a $23 price target, which translates into a 16% increase in Friday’s closing.

Coinbase — The cryptocurrency exchange’s shares rose more than 2% as the price of bitcoin rebounded, after selling off with the broader equities market on Friday. The price of other crypto-related stocks also saw a boost. Microstrategy rising 3.4%. Tesla SquareMore than 1% was added.

Zoom Video — Zoom shares fell almost 2%, moving in the opposite direction of travel stocks and following a 5.7% jump on Friday. Others stay-at-home stocks were also slightly lower Monday morning. Peloton, Netflix Teladoc.

Merck — The pharmaceutical company’s shares fell 1.8% after Citi downgraded its stock to neutral from buy, saying development struggles for the company’s HIV drug islatravir will hurt Merck’s long-term potential.

Wynn Resorts, Las Vegas Sands — The Macao gaming sector is lower after Alvin Chau, the head of Macau’s biggest casino junket operator, and 10 others were arrested over allegedly illegal gambling platforms targeting mainland Chinese, according to a report by the South China Morning Post. WynnIt fell by 1.9% Las Vegas Sands fell 1.2%

Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.