Business & Investment

Nikola, Weibo, DoorDash, etc.

Nikola Corporation rang the Nasdaq Closing Bell remotely from all over the world.

Source: Nasdaq

Check out the companies that are creating headlines at noon on Monday.

Nicola — After an analyst at JP Morgan said in 2021 that the company’s news flow was “not drama-filled,” the share of electric car makers rose nearly 6%. “Nikola will post a video of Tre that will work in January. Now that we’ve reached the test milestone, look for a stable stream of track updates in 2021,” analysts said.

Myovant Sciences — After the company agreed with Pfizer to develop the prostate cancer drug Lergolix, its market share increased by 25%. The drug is also being investigated for its potential use in women’s health.

Weibo — Shares fell more than 10%, despite better-than-expected quarterly reports from Chinese social media companies. Weibo posted adjusted earnings of 66 cents per share, 6 cents above Refinitiv’s estimate. Its revenue is also higher than analysts expected. However, some analysts have pointed out that the increase in average daily active users is slowing.

AstraZeneca — The company’s Covid vaccine, developed in partnership with Oxford University, has increased its US-listed stake in pharmaceutical companies by more than 1%, according to multiple reports. Will be approved in the UK this week.. AstraZeneca shots may be released next week if approved within a few days.

Apple — Amid the strength of Big Tech, the share of tech giants has risen by more than 3%. This progress came after Apple made a profit for the fourth straight week.

Novavax — Shares have fallen by more than 2% after biotechnology companies have announced that coronavirus vaccine candidates have entered Phase 3 trials in the United States and Mexico. “This trial is an important step in building a global portfolio of safe and effective vaccines to protect the global population,” CEO Stanley Elk said in a statement.

Door dash — The food delivery company The Wall Street Journal Column He emphasized how the new California bill could hurt delivery services. This regulation requires companies to express an agreement with restaurants and can undermine the growth strategy of some services.

CNBC’s Pippa Stevens, Jesse Pound, and Yun Li contributed to this report.

Nikola, Weibo, DoorDash, etc.

https://www.cnbc.com/2020/12/28/stocks-making-the-biggest-moves-midday-nikola-weibo-doordash-more.html Nikola, Weibo, DoorDash, etc.

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