AstraZeneca shares rose 1.5% after the company said its coronavirus vaccine candidate triggered an immune response in younger and older adults alike. The company also said adverse responses to the vaccine were found to be lower among the elderly.
Shares of the restaurant chain spiked more than 15% after the company said it held preliminary talks regarding its potential acquisition by Inspire Brands, although the company said there’s “no certainty that any agreement will be reached.” The New York Times reported that the deal could value the restaurant chain at nearly $9 billion.
Hasbro dropped nearly 10% even after the toy company reported third-quarter earnings and revenue that beat analysts’ expectations. Hasbro posted a profit of $1.88 per share on revenue of $1.78 billion, while Wall Street was expecting $1.63 per share on revenue of $1.74 billion, according to FactSet. However, the company’s sales for its TV, film and entertainment division fell short of estimates.
Shares of the major U.S. airlines sold off on Monday amid a surge in Covid-19 cases and little hope of a fiscal stimulus deal. American and Delta lose more than 5% a piece. United fell 6.5%. Southwest and Alaska Air ticked 3.7% and 6.1% lower, respectively.
Evercore ISI added Apple to its tactical outperform list, briefly sending the stock up as much as 1.3%. The Wall Street firm said Apple’s stock should keep working higher thanks to the “iPhone super cycle” and demand for other devices like Macbooks and Airpods. Apple reports earnings on Thursday. Apple shares were slightly lower midday.
Shares of the Ohio-based electric vehicle maker briefly jumped nearly 20% before easing to trade just 4% higher in the company’s public-market debut. The stock began trading on Monday after a reverse merger with DiamondPeak Holdings, a special purpose acquisition company, or SPAC.