A Door Dash Ink delivery bag sits on the floor at Chef Geoff Restaurant in Washington DC
Andrew Horror | Bloomberg | Getty Images
Check out the companies that make headlines on Monday afternoon:
Pfizer, Bioendech – Shares of pharmaceuticals fell 2% and 6%, respectively, despite food and drug management approving the Covit-19 vaccine, which is shipped from Michigan to hundreds of distribution centers across the country.
Door Dash – D.A. The stock plunged more than 7% after Davidson cut its valuation at Food Distribution Company to neutral. D.A. Davidson, the current rating of the stock seems to make little room for any performance hiccups. Turdash went public last Wednesday, with its stake at more than 80% when it debuted.
Airbin – Shares plunged more than 8% after Gordon Hasket downgraded its rental site. The majority of investors who spoke said that Wall Street could not justify Airbnb’s valuation compared to online travel agencies. Airbnb had a blockbuster public market debt last week that was more than double its shares on the first day of trading.
Tennis – Wells Fargo started Tenny with a high weight rating, sending shares up about 1%. As the company / economy emerges from the COVID-19 epidemic, investors are currently underestimating the potential margin of DENN’s business model and EPIDTA progress.
Shares fell 13.2% after the company halted space travel on Saturday due to a Virgin Galactic-engine problem. The company expects to repeat the test from its base in Spaceport USA in New Mexico.
Shares of real estate and savings rose 2.5% after Elliott Management said in a letter that it had created a stake in public savings and called for change. The letter from the activist fund prompted it to increase its capital expenditure on public storage.
Caterpillar – Shares of the manufacturing company rose 0.8% in November following the announcement of the caterpillar in the filing of retail figures. The filing shows that caterpillar sales in the United States have recovered over the past three months, although performance is still declining compared to 2019.
Pet Bath & Beyond – The company has entered into an agreement with Kingswood Capital Management, a private equity firm, to sell its Cost Plus global market business. In addition, the company announced plans to repurchase 150 million shares. Shares of Bed Bath & Beyond fell 1.5%.
Disney – Shares fell 1.6% after BMO Capital Markets Analyst downgraded Media Company for market performance. “With a number of recent extensions to both early vaccination news and Thursday Direct Consumer (DTC) Investor Day, we are sidelined,” the company said.
ARVINAS – The pharmaceutical manufacturer’s shares have risen more than 96% since the release of positive data on its protein degradation, which provides evidence of anti-tumor activity.
McDonald’s – UPS upgraded to buy from McDonald’s Neutral, which cites an attractive risk-reward outlook. McDonald’s is up 2.5%. McDonald’s “maintains one of the most compelling and visible American Gump catalyst pathways over the next several months and through ’21,” the company said.
NCNBC’s Jesse Pound, Maggie Fitzgerald and Yun Li contributed to the report.