Here are the company’s making headlines in midday trading: Moderna – The biotech stock jumped 7% after a Food and Drug Administration committee voted to recommend Moderna’s Covid vaccine to children ages six through 17. The FDA is expected to authorize vaccines for children later this week. Robinhood – Shares of the retail brokerage fell … Read more
Here are Wall Street’s biggest calls on Wednesday: Goldman Sachs initiates Wheels Up as buy Goldman said in its initiation of the on-demand private jet company that it sees an attractive entry point. “Wheels Up is a leading company in an established and growing end-market, but one that is also fragmented and has substantial opportunity … Read more
Restaurants suffered a slight softening of traffic in April, according to new data, as Americans contended with soaring inflation and talk of a potential recession over the next year. Restaurant meal prices were up 9% in April compared to pre-pandemic levels in 2019, according to a report from the NPD group, which conducts market research … Read more
A Sweetgreen banner on the NYSE, November 18, 2021. Source: NYSE Sweetgreen on Thursday reported widening losses for its first quarter, but sales jumped 67% as workers returned to their offices and resumed their old lunchtime routines. Shares of the company rose more than 5% in extended trading. Here’s what the company reported compared to … Read more
EVgo Coming Soon sign Source: EVgo Chase is partnering with EVgo to pilot electric vehicle charging stations at select branches across the country, the company announced Thursday. The move is part of the bank’s push to promote sustainability and reduce its carbon footprint. The company said it’s aiming to have EV chargers installed at 50 … Read more
Shoppers wearing face masks leave a Costco wholesale store in Washington, DC Ting Shen | Xinhua News Agency | Getty Images Check out the companies making headlines in midday trading. Costco – The stock dipped 3.3% midday despite a better-than-expected quarterly report. The retailer reported earnings of $ 2.92 per share on revenue of $ … Read more
Take a look at some of the biggest movers in the premarket: Tesla (TSLA) – Shares fell 1.2% in premarket trading after CEO Elon Musk challenged the United Auto Workers union to try and organize his company’s assembly plant in Fremont, California. Sweetgreen (SG) – Sweetgreen shares soared 19.9% in premarket trading after the salad … Read more
A Sweetgreen banner on the NYSE, November 18, 2021. Source: NYSE Sweetgreen on Thursday reported widening losses but strong fourth-quarter sales growth and promising performance at its restaurants in its first quarterly report since its initial public offering. The salad chain also issued a strong sales outlook for 2022, although it does not expect to … Read more
There are more key retail earnings scattered throughout this week, as well as some notable EV start-ups in Lordstown Motors and Lucid.
A woman wearing a facemas exits a Chipotle Mexican Grill restaurant with her takeout order on January 14, 2021 in Monterey Park, California. Frederic J. Brown | AFP | Getty Images Small towns like big burritos, and it’s fueling Chipotle Mexican Grill’s development strategy in North America. On Tuesday, the restaurant chain told investors that … Read more