Stocks up slightly on Monday as traders kept an eye on developments in Europe after a brief mercenary rebellion in Russia.
These stocks made moves on Monday:
(code: LCID) increased 13% after reaching supply agreement with Aston Martin, a British luxury car manufacturer, to build high-performance electric vehicles. By agreement,
will provide Aston Martin with “industry leading electric vehicle technologies”. Aston Martin will issue 28.4 million new shares of common stock to Lucid, making Lucid a shareholder holding approximately 3.7% of Aston Martin’s shares.
(CCL) fell 8% even after the travel company posted a smaller-than-expected loss for the second quarter amid “demand continues to accelerate”.
(PACW) rose 7.1% after the regional bank said it had agreed to sell a $3.5 billion special financing portfolio to the investment director
Ares . Manager
the expansion of (WOLF) in the United States will be backed by up to $2 billion from a group of lenders led by
Apollo Global Management
Bloomberg reported, citing a statement it saw. This funding will generate $1.25 billion in immediate cash for the chipmaker
while another $750 million could be withdrawn later. Shares of Wolfspeed rose 6.5%.
(PFE) drops 5.1% after the pharmaceutical giant said planning to promote its oral candidate danuglipron towards late-stage development as a treatment for type 2 diabetes and obesity, but would prevent the development of a second candidate known as lotiglipron.
(MRNA) rose 1.9% to $120.77 after the vaccine maker’s stock was upgraded to Buy from Neutral at UBS. UBS reduced its price target on the stock to $191 from $221.
International Business Machines
(SHW) rose 1.3% after the paints and coatings giant was upgraded from Market Performance to Better by analysts at BMO Capital.
(GOOGL) dropped 0.8% to $121.38 after Google’s parent company was downgrade to Neutral from Buy by analysts at UBS. The target price has been increased to $132 from $123.
Write to Joe Woelfel at [email protected]