Stay-at-home stock plays like Zoom Video and Peloton also jumped as new lockdowns loom. Zoom Video rose 11%, and Peloton leapt more than 7% after diving earlier on quarterly results that showed user growth had been slowing. Moderna's COVID-19 vaccine. Matthias Bein/picture alliance via Getty Images Shares of companies that benefitted from the pandemic rallied Friday amid the discovery of a new coronavirus variant. The stock prices of vaccine makers surged, including Moderna, Pfizer and BioNTech.
Another double-digit gainer on Wednesday was Cassava Sciences Inc. (NASDAQ: SAVA). Meme Stock Movers for 11/26: Cassava Sciences, Lucid, Ocugen, Vertex Energy, and More All three major U.S. stock indexes were trading solidly lower Friday morning. The discovery of a new coronavirus variant that has a high number of mutations and is spreading rapidly in South Africa. A new variant of the infection is chilling because it could lead to the kind of economic slowdown that accompanied the spread of the Delta variant this past summer. Crude oil traded down as much as 6.5% early this morning at around $72.60 a barrel and has since edged back up to around $74.00.
U.K. travel and leisure stocks plunged on Friday after the discovery of a new coronavirus variant to the worst levels since Pfizer first announced the results of a vaccine study. The FTSE 350 travel and leisure sector dropped 6% to 522.14, which is the lowest since Nov. 9, 2020. It’s still 8% above the pre-vaccine announcement level.
The stock price of Pfizer Inc. (NYSE: PFE) increased by over 6% pre-market today. This is why it happened.
Germany's BioNTech said Friday it was urgently studying how well the coronavirus vaccine it developed with Pfizer protects against the new B.1.1.529 variant detected in South Africa.
BENGALURU — Serum Institute of India (SII), the world’s biggest vaccine maker, said on Friday it had shipped the first batch of AstraZeneca’s COVID-19 shot to…
Moderna (MRNA) - Get Moderna, Inc. Report shares, meanwhile, surged 8.6% to $297.00 each while Novavax (NVAX) - Get Novavax, Inc. Report was marked 6% higher at $212.00 each. Vaccine and antiviral makers surge following the discovery of a new Covid variant in South Africa that has triggered fresh concerns over the rate of infection spread. Pfizer (PFE) - Get Pfizer Inc. Report shares powered early gains for vaccine makers Friday as investors piled into the drugmaker following confirmation of a new COVID variant in South Africa and news that European officials have approved Comirnaty for use in young children. The World Health Organization will hold an emergency meeting Friday following the discovery of the variant, known as B.1.1.529, in a traveler visiting Israel from South Africa earlier this week. It has also been identified in Hong Kong, according to U.K. health officials, as well as Botswana.
The Zacks Analyst Blog Highlights: Alphabet, AT&T, Charles Schwab Corp, General Electric and American International Group
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