Zoom, Peloton, Netflix shares fall after the announcement of the modern vaccine


The peloton has benefited from home stay trends, but its shares are declining in pre-trading on Monday.

Getty Images

Shares of stocks benefiting from home-stay trends continue to decline on Monday after the news was released by Modern Inc. and said its COVID-19 vaccine candidate was found to be 94.5% effective in a Phase 3 trial .

See More: Candidates Achieving 94.5% Effectiveness in Premarket Share Phase Testing in Modern Shares After COVID-19 Vaccine

Zoom Video Communications Inc. is the largest decliner in Mandate’s premarket trading. ZM,
-5.84%,
6%, and Peloton Interactive Inc. PTON,
-7.29%,
4% off. The two companies have been strong beneficiaries, as people spent more time at home, enjoying the use of their video-conferencing software with Zoom, and Pelton spoke of increasing sales of their connected exercise equipment, where the company received demand Having trouble completing.

Other names declining for Monday’s business include Documents Inc. Documents, documents included.
-3.25%,
Which provide businesses and individuals with legal documents as well as Fiverr International Ltd. Allows the remote signature to be collected on the FVRR.
+ 4,96%
And Upwork Inc. UPWK,
+ 0.55%,
Both of which provide a platform for freelance work seekers. Documentsign and Upwork shares are down 2.3% each, while Fiever’s US-listed shares are off 6%.

Social-media names that have seen success in the last few months are also below, including Snap Inc. SNAP,
+ 0.32%,
Off 2.2%, and Pinterest Inc. Pins,
+ 3.41%,
From 3.9%. Snap deployed its Snapchat service as a place where friends could still connect in the real-world despite removing restrictions, and Pintrest offered inspiration for home improvement and other projects, People could confine themselves to their homes.

Netflix Inc. shares streaming media
-0.80%
Roku and Roku, Inc.
-1.21%
There is a discount of 1.5% and 2.1% respectively.

Modern MRNA,
+ 1.79%
Pfizer Inc. and BioNTech SE revealed the latest piece of upbeat news on the COVID-19 vaccine front last week, revealing last week their 90% efficacy rate in a Phase 3 clinical trial of their own COVID-19 vaccine candidate was. Stocks came under pressure domestically even after the Pfizer and BioNTech announcement.

Where the Stay-Home name is taking a hit following the Modern announcement, the news is promoting other areas, including Nordstrom Inc. Retailers such as JWN are included.
+ 10.32%
And Massey Inc. M.,
+ 5.29%,
Also Cruise Stock Royal Caribbean Group RCL,
+ 3.68%
And Carnival Corp CCL,
+ 7.23%
And theater names such as AMC Entertainment Holdings Inc. AMC.
+ 1.02%
CNK, and Cinemark Holdings Inc.
+ 10.62%

.

Leave a Reply

Your email address will not be published.