Carnival Stock – AMC, Carnival, Eli Lilly – Texas News Today
Check out the companies that are headlined in the noon trade.
AMC Entertainment — — Meme stocks rose another 17% in bulk trading, following a 83% rise last week. Enthusiastic retail investors continued to encourage each other to build stock on social media platforms such as Twitter and Reddit’s WallStreetBets forum. The Securities and Exchange Commission said Monday that it is closely monitoring wild trade to determine if there was “market turmoil, fraudulent trade, or other fraudulent activity.”
Meme stock — — Other meme stocks also rose on Monday, reflecting AMC’s backlash. BlackBerry rose nearly 12%, Bed Bath & Beyond rose more than 8%, GameStop rose about 9%, and Koss rose 9.4%.
Carnival, Norway and Royal Caribbean — — Cruise shares rose on Monday after the carnival confirmed plans to reopen in July. According to the company, voyages are open only to fully vaccinated passengers. Carnival’s share rose 1.7%, while Norway and Royal Caribbean rose 3.5% and 1.4%, respectively.
Eli Lilly and Company — — Biopharmacy inventories jumped to nearly 10% after the FDA approved rival Biogen’s drug for Alzheimer’s disease. This new drug for Alzheimer’s disease is the first new drug in almost 20 years. Eli Lilly is developing a unique drug to treat Alzheimer’s disease.
Tesla-Electric vehicle maker stock prices have fallen about 1% after the company announced that it has canceled production of the planned Model S Check +, which was designed as a high-end version of the Model S. Automakers are tackling computer chip shortages and other supply chain issues.
Peloton — — Exercise bike stocks surged more than 6% after Loop Capital Markets gave Peloton a buy valuation. The recent weakness of stock prices is said to be overstated. Shares fell sharply in May after the company recalled treadmill products, but shares have since recovered from the sale.
Progressive-After Morgan Stanley downgraded the stock to underweight, the company’s share price fell about 4% in the noon trading. The analyst said the revival of car travel in the United States would increase the cost of additional car insurance and catastrophe compensation. The company lowered its pricing target for Progressive from $ 5 to $ 85 per share.
US Concrete-Concrete supplier stocks surged 29% after the company announced that it would be acquired by construction materials maker Vulcan Materials. Vulcan buys US Concrete for $ 74.00 per share. This is nearly 30% premium over US Concrete’s closing price of $ 57.14 on Friday.
— CNBC’s Maggie Fitzgerald, Tanaya Machel, Jesse Pound and Yun Lee contribute to the report
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