Here are the companies that do Wall Street newspapers on Monday.
Eli Lilly: The pharmacist’s shares fell more than 8% after a phase two trial for donanemab showed that the treatment slowed the progression of Alzheimer’s disease. Mizuho Securities said in a note that the results were “solid, not surprising.”
AMC Entertainment: The shares of the film giant rose more than 22% when it began reopening cinemas in Los Angeles. AMC reopened two locations in the city on Monday and plans to reopen the remaining 23 Los Angeles cinemas by Friday. The company expects to have all of its locations open statewide on Friday.
American Airlines, United Airlines, Delta Air Lines and Alaska Air Group – Shares of major U.S. airlines jumped on Monday amid optimism about a return to normal travel amid vaccine deployments. Air travel over the weekend has reached its highest level in more than a year and airlines are experiencing an increase in bookings. Shares of American Airlines and United Airlines rose more than 6%. Delta appeared at 3% and Alaska Air Group gained about 4.4%.
MGM Resorts: Hotel and gaming stocks rose about 4.2% after investment firm Jefferies upgraded MGM to buy from the hold. The company cited the improved outlook for trips to Las Vegas and the rise of online gaming as reasons for optimism.
Unity Software: Unity Software shares rose more than 3% after Goldman Sachs began covering video game stocks with a buy rating, calling it “a design platform for the masses.” The Wall Street firm hit a $ 126-per-share price target on Unity, representing nearly a 20% rise in its opening price of $ 105.70 per share.
Gap – Retail shares jumped close to 5.5% after Wells Fargo raised its stock target to a street high of $ 40, or about 30% above, where shares closed Friday. The company “appears to be very well positioned to gain market share this year, Athleta has a significant track record for continued growth and the Gap brand is showing green shoots in its brand health initiatives,” Wells Fargo wrote in a note to customers.
NXP Semiconductors, Penn National Gaming – S&P Dow Jones Indices on Friday announced new additions to the S&P 500, boosting shares of Penn National Gaming and NXP Semiconductors. Shares rose 7.7% and 3.1% on Monday, respectively.
GenMark Diagnostics: Shares of the diagnostic company rose 29% after the announcement that Roche was buying GenMark in a total cash deal worth $ 1.8 billion. The potential for an agreement had already been reported.