FedEx, Oracle, Johnson & Johnson and more

The Johnson & Johnson campus entrance sign shows their logo in Irvine, California on August 28, 2019.

Mark Ralston | AFP | beautiful pictures

Check out the companies that make headlines in midday trading.

Johnson & Johnson – Shares of Johnson & Johnson fell 2.2% after the Centers for Disease Control and Prevention recommended Moderna and Pfizer vaccines for Covid-19 instead of the Johnson & Johnson vaccine on Thursday. The CDC has confirmed 54 cases of developing blood clots and showing low blood platelets after giving Johnson & Johnson vaccines. Moderna The stock rose nearly 3%. Pfizer however, it lost 2.7%, after it said it would revise its study with BioNTech on a Covid-19 vaccine in children 6 months to under 5 years of age.

Attestor Shares of the healthcare information company jumped more than 12% after it was reported that it was in talks about a potential sale to Oracle. The deal could be worth $30 billion, according to The Wall Street Journal. Shares of Oracle down 5.7%.

FedEx The shipping company’s stock jumped more than 4% after quarterly earnings and revenue results topped expectations and the company announced a $5 billion buyback. FedEx also restored its original 2022 EPS forecast.

Synthetic engine – GM lost more than 5% on news that Dan Ammann, CEO of self-driving car company Cruise based in the San Francisco area, left the company. Cruise founder Kyle Vogt will serve as interim CEO.

Rivian Automotive Electric vehicle maker Rivian saw its stock drop more than 11% after reporting its first-quarter results as a public company and cut car production target in 2021, which is expected to drop “several hundred vehicles” from its 1,200-vehicle target.

Restaurants in Darden – Shares of the restaurant company fell more than 4% after CEO Gene Lee announced plans to retire on May 29. Olive Garden’s parent company Earn $1.48 per share in the second quarter with sales of $2.27 billion. Wall Street analysts expect the company to earn $1.43 per share on revenue of $2.23 billion, according to Refinitiv.

Winnebago Camper fell 0.2% after reporting a substantial review of its fiscal first quarter profit. Winnebago earned $3.51 per share, compared with a FactSet consensus estimate of $2.34, and revenue also fell within analyst forecasts.

Banks – Financial stocks were among the biggest losers on Friday as bond yields fell amid growing concerns about omicron variation. Wells Fargo and Goldman Sachs slip 3.9%. Morgan Stanley lose more than 3% and JP Morgan lost about 2.4%.

Eli Lilly – Shares of the pharmaceutical company fell 4% after competitor Alzheimer’s drug Biogen received negative comments from European health regulators. Eli Lilly began the application process for approval of her own Alzheimer’s drug in the US in October and is expecting a regulatory decision next year. Goldman Sachs also recommends Eli Lilly stock as neutral with a $236 target, implying a 15% drop.

– CNBC’s Yun Li and Pippa Stevens contributed reporting. FedEx, Oracle, Johnson & Johnson and more

Sarah Ridley

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