Moderna, Zynga, Lululemon, Tilray and more
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A group of pedestrians were seen in Shanghai walking by Lululemon, an American retailer of athletic clothing.
SOPA Images | SOPA Images | LightRocket | Getty Images
Take a look at the top mid-day traders.
Zynga, Take-Two Interactive — Shares of the mobile gaming company Zynga soared by more than 41% after Take-Two Interactive, another gaming company, revealed plans to buy it for $12.7 billionIn cash or stock deals, the price is 9.86 dollars per share. It’s 64% more than Zynga closing Friday’s price. Take-Two’s shares dropped by around 15%
Moderna — Moderna shares jumped about more than 6% after the company’s CEO said Monday that it’s working on a booster that targets the omicron variant of Covid-19 “with public health leaders around the world,” targeting a fall rollout. He said that the booster would soon be tested in clinical trials.
Lululemon — Shares of the athletic apparel maker shed nearly 6% after the company said it now expects weaker results for the fourth quarterbecause of the Covid-19-omicron variation. Lululemon Monday said that it expects its fourth quarter earnings to be below its projections due to reduced hours and staffing shortages.
Apria — Home health-care company Apria saw its shares surge more than 25% following news it will be acquired by health-care equipment company Owens & Minor for about $1.45 billion in cash, or $37.50 per share. Owens & Minor shares gained about 3%.
Tilray — The cannabis stock surged 14% after the company reported an unexpected quarterly profit. Tilray stated that revenue rose 20% to reflect stronger demand.
Beam Therapeutics — Beam, the gene-editing company, saw its shares fall 4.3% following news about a partnershipWith Pfizer. Both companies will cooperate to develop treatments for rare genetic conditions. Pfizer shares increased slightly
Cardinal Health — The health-care company saw its shares drop about 7.5% after it provided a full-year 2022 update saying it expects to see more inflationary impactsGlobal supply chain restrictions have led to lower volumes and lower volume. These effects will be less offset by the company’s pricing decisions than expected.
Shockwave Medical — Shares of Shockwave Medical rose 4.4% after Bloomberg reported rival medical device maker Penumbra is exploring a merger. A Penumbra representative stated in a Bloomberg statement that the company isn’t in talks with Shockwave about pursuing a business combination.
Airbnb — Shares of Airbnb retreated more than 6% after Piper Sandler downgraded the stockTo a neutral rating, from an overweight. Also, the firm lowered its stock price target. Piper Sandler indicated that in 2022 travel patterns will return to the pre-pandemic levels and that customers are more likely to be interested in lodging providers and traditional air service businesses.
Crypto stocks — Crypto-related stocks fell sharply on Monday as the price of bitcoinIt briefly fell to its lowest point since September. CoinbaseWhile the increase was only 4%, it was still a significant drop. Silvergate Capital lost 5.5%. MicroStrategyDropped more than 4 percent BlockThe drop was 3.8% This comes amid a wider sell-off risky assets and an increase in the U.S. Treasury 10 year yield.
— CNBC’s Yun Li and Hannah Miao contributed reporting
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