Patties from Beyond Meat Inc.’s plant-based burger Beyond Burger are cooked on a pan.
Yuriko Nakao | Getty Images
Check out the companies that are making headlines in mid-day trading.
Beyond meat – – The alternative meat company’s shares rose 10% afterwards Amber upgraded twice to outperform the stock by underperform. Beyond Meats shares are down nearly 40% since January, but Bernstein said sales should pick up again as the economic reopening expands.
Virgin Galactic Holdings – Virgin Galactic’s shares rose 27.6% after the company’s Saturday Space test. The test, which is a step forward for the space tourism company, had previously been delayed by more than six months. At one point on Monday, the stock turned positive for 2021.
AMC Entertainment – – The cinema chain’s shares rose 13.3% after the company’s largest shareholder, Dalian Wanda Group, a Chinese conglomerate, sold most of its stake in AMC. A Filing with the Securities and Exchange Commission On Friday, Dalian Wanda sold 30.4 million shares for approximately $ 427 million.
Dollar general – – The discounter’s shares then fell by almost 4% Bank of America downgraded the share should perform below average from neutral. The company said in a note that Dollar General tends to underperform when gas prices are high.
Norwegian cruise line – – The cruise company’s shares fell 4.7% after the company announced plans to return cruising in the US this summer.
Moderna – – Modera shares rose 1.7% after pharmaceutical company a Manufacturing agreement Saturday with the South Korean biotech company Samsung Biologics. The move will allow Moderna to offer its Covid-19 vaccine outside of the United States from the third quarter of 2021.
– CNBC’s Maggie Fitzgerald, Pippa Stevens and Jesse Pound contributed to the coverage.
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