Hasbro, Dunkin ‘Brands, AstraZeneca, Delta and more

Check out the companies making headlines on Monday afternoon:

Dunkin ‘Brands – After the company rose more than 15% in restaurant chain shares, it said it held preliminary talks about its possible takeover by Inspire Brands, though the company said “there is no certainty that there will be an agreement.” ” The New York Times reported that the deal could cost the restaurant chain approximately $ 9 billion.

SAP – SAP reported a decline of over 23% for its worst business day in at least 12 years following the sale of Europe’s largest software company and projected its revenue and profit for 2020. The German company said that the coronavirus lockdown would affect their business relationships and customer management demand. Well software in 2021. JPMorgan cut its rating on the company to neutralize overweight.

American Airlines, United Airlines, Delta Air Lines – Shares of major American airlines sold on Monday amid hopes of a surge in Kovid-19 cases and a fiscal stimulus deal. American and Delta lose more than 5% a piece. United fell 6.5%. Southwest and Alaska Air ticked down 3.7% and 6.1% respectively.

AstraZeneca – After shares of AstraZeneca increased by 1.5%, the company said that its coronavirus vaccine candidate triggered an immune response in younger and older adults. The company also said that adverse reactions to the vaccine were found to be less in the elderly.

Hasbro – Hasbro dropped nearly 10%, even as the toy company reported third-quarter earnings and revenue, beating analysts’ expectations. According to FactSat, Hasbro made a profit of $ 1.88 per share on revenue of $ 1.78 billion, while Wall Street expected $ 1.63 per share on revenue of $ 1.74 billion. However, the company’s sales for its TV, film and entertainment division fell short of estimates.

Lordstown Motors – Shares of the Ohio-based electric vehicle manufacturer jumped nearly 20% before making it easy for the company to trade just 4% more in its debut on the public market. The stock began trading on Monday after a reverse merger with Diamondpeck Holdings, a special-purpose acquisition company, or SPAC.

Apple – Evercore ISI included Apple in its strategic outperform list, briefly sending the stock up 1.3%. The Wall Street firm said Apple’s stock should operate higher thanks to the “iPhone Super Cycle” and demand other devices such as MacBooks and AirPods. Apple reported earnings on Thursday Apple shares were slightly lower at noon.

Mirati Therapeutics – Shares of Mirati Therapeutics jumped more than 15% after releasing preliminary data on adagrasib, a lung cancer treatment drug. According to the data, the drug gave rise to tumors in 45% of the patients participating in the trial.

—CNBC’s Pippa Stevens, Maggie FitzGerald and Yoon Lee contributed.


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