Though now Moderna (MRNA) stock is significantly below its ATH, Oppenheimer analyst predicts an 80% increase from the current level.
On Thursday, American Airlines (AAL) stock jumped 41% to $16.72 at the close, which is the biggest gain since 2013 when the company merged with US Airways. The jump followed the carrier’s announcement about boosting its capacity.
Facebook announced that it will not support all state-controlled media outlets in promoting their ads effective this summer ahead of the 2020 U.S. elections. FB shares are up 0.45% to trade around $227.30 in the pre-market.
The Nasdaq 100 index showed a sharp recovery after the market crash and made a new intraday record on Thursday. Analysts are turning bullish over the reopening of the economy with many saying that the worst is behind us.
AstraZeneca plans to deliver 1 billion doses of a COVID-19 vaccine to developing countries, 400 million doses can become available this year. Moreover, 400 million doses will be sent to the U.S. and the United Kingdom. AZN stock is up in the pre-market.
Tesla has major plans for expansion in China, Germany and the United Kingdom. Meanwhile TSLA stock is down today, trading at below $860.
The funds that Bill Gates-backed GAVI is going to raise are meant to assist failing healthcare systems in the world’s poorest countries.
U.S. jobless claims for the week that ended on Saturday totaled close to 1.9 million. Continuing claims, which represent the aggregate total of people actually receiving unemployment benefits, also came in higher than expected.
Morgan Stanley expects that Apple (AAPL) stock price could climb to $340 being powered by strong App store sales results. Today AAPL is at $324.94.
According to SVB Leerink analyst Geoffrey Porges, remdesivir price is likely to be $5,000 per course in the US, $4,000 per course in Europe, and around $2,000 in other markets. Gilead Sciences (GILD) stock keeps rising.
ZoomInfo has repriced its IPO with a target to hit $890 million. This new projection is aimed at offering each share at $19 to $20 following boosted interests from investors.
Shares of Genius Brands continue rising ahead of the launch of its network brand “Kartoon Channel” later this month.
Hester Peirce, a U.S. SEC commissioner, has been nominated for a second term. She became a popular crypto advocate after her public objection of SEC’s disapproval of the Bitcoin exchange-traded fund application.
In April, the U.S. unemployment rate grew to 14.7%, the worst since the Great Depression. In May, the unemployment rate growth was not as high as analysts predicted, and it seems the worst is probably behind.
Playtika has hired banking giants like Morgan Stanley and others to underwrite the IPO. Sources said that Playtika is looking to going public later this year or early 2021.