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Moderna, Regeneron, Meta Platforms Fall Premarket; Twitter Rises

Stock MarketsNov 30, 2021 07:59AM ET
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© Reuters

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Tuesday, November 30th. Please refresh for updates.

  • Meta Platforms (NASDAQ:FB) stock fell 0.6% after Britain's antitrust regulator directed Facebook’s owner to sell animated images platform Giphy for competitive reasons.

  • Twitter (NYSE:TWTR) stock rose 0.8%, continuing the social media giant’s volatile trading after founder and CEO Jack Dorsey said on Monday he would step down from the company. 

  • Moderna (NASDAQ:MRNA) stock fell 2.6% after CEO Stephane Bancel told the Financial Times that it was likely the drugmaker’s vaccine would likely have to be adjusted to cope with the omicron variant of Covid-19.

  • Regeneron (NASDAQ:REGN) stock fell 1.4% after the pharmaceutical company said its Covid-19 antibody drug could have reduced activity against the new variant.

  • American Airlines (NASDAQ:AAL) stock fell 1.9%, Delta (NYSE:DAL) stock fell 1.8% and United (NASDAQ:UAL) stock fell 2% as travel stocks suffered, while cruise operators Carnival (NYSE:CUK) and Norwegian Cruise Line (NYSE:NCLH) both dropped over 2%. Retail, casino and hotel stocks were also broadly lower.

  • Exxon Mobil (NYSE:XOM) stock fell 1.9%, Chevron (NYSE:CVX) stock dropped 1.8% and Occidental Petroleum (NYSE:OXY) stock slipped 3%, as oil prices fell more than 2% on demand concerns. 

  • Netflix (NASDAQ:NFLX) stock rose 0.6%, Peloton (NASDAQ:PTON) stock rose 1.2% and Zoom Video (NASDAQ:ZM) stock rose 1.7%, with these stay-at-home stocks benefiting from the increased uncertainty over the omicron variant.

  • Bank of America (NYSE:BAC) stock fell 2%, Wells Fargo (NYSE:WFC) stock dropped 1.7% and Citigroup (NYSE:C) stock fell 1.8% as the Wall Street lenders tracked a dip in Treasury yields.

  • Dollar Tree (NASDAQ:DLTR) stock fell 2.9% after Goldman Sachs downgraded its investment stance on the discount retailer to ‘neutral’ from ‘buy’, saying the stock is getting too expensive.

  • SolarEdge Technologies (NASDAQ:SEDG) stock fell 3.2% after Morgan Stanley downgraded the company to ‘equal-weight’ from ‘overweight’, saying the stock is at the end of its run.

  • Intuit (NASDAQ:INTU) stock fell 4.3% after the financial software company announced the secondary offering of over 1.5 million shares of common stock.

 

Moderna, Regeneron, Meta Platforms Fall Premarket; Twitter Rises
 

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Comments (6)
Darren Kirsch
Darren Kirsch Dec 05, 2021 12:40PM ET
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MRNA will crash
Stan Smith
Stan Smith Nov 30, 2021 9:18AM ET
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Jay Powell & Co. to Backtrack and Pour Stimulus into Omicron Punchbowl. Like I said there will be some fabricated event that will give the FED an out to their tapering...I wish people would understand they won't taper and they won't raise rates....this will end very very badly!!
ZS Beck
ZS Beck Nov 30, 2021 9:03AM ET
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Moderna's best interest is that this virus continues for years...Simple is that. Selling 2 vaccines instead of 1, the best interest. Like a snake oil salesman.
Whaling Trawler
Whaling Trawler Nov 30, 2021 8:53AM ET
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I'm praying the go out of existence. Simply disappear.
Sharon Robinson
Sharon Robinson Nov 30, 2021 8:24AM ET
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Literal new world tyranny
TheLast LoserDon
TheLast LoserDon Nov 30, 2021 8:24AM ET
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Actually meDIEval times.
Sharon Robinson
Sharon Robinson Nov 30, 2021 8:23AM ET
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Literally New-World Tyranny
 
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