Here are the firms making headlines on Wall Street on Monday.
Eli Lilly – Shares of the drugmaker fell by more than 8% after a section two trial for donanemab confirmed that the therapy slowed the development of Alzheimer’s illness. Mizuho Securities mentioned in a notice that the outcomes have been “solid, not stunning.”
AMC Entertainment – Shares of the movie show large jumped more than 22% because it started reopening theaters in Los Angeles. AMC reopened two places in the metropolis on Monday, and plans to reopen the remaining 23 Los Angeles theaters by Friday. The firm is hoping to have all of its places throughout the state opened by Friday.
American Airlines, United Airlines, Delta Air Lines and Alaska Air Group – Shares of the main U.S. airways jumped on Monday amid optimism a few return to regular journey amid vaccine rollout. Air journey over the weekend hit its highest stage in more than a yr and airways are seeing elevated bookings. Shares of American Airlines and United Airlines rose more than 6%. Delta popped 3% and Alaska Air Group gained practically 4.4%.
MGM Resorts — The resort and gaming inventory rose about 4.2% after funding agency Jefferies upgraded MGM to purchase from maintain. The firm cited an bettering outlook for Las Vegas journey and the rise of on-line playing as causes for optimism.
Unity Software – Shares of Unity Software popped more than 3% after Goldman Sachs began masking the online game inventory with a purchase score, calling it “a design platform for the masses.” The Wall Street agency slapped a $126 per share value goal on Unity, representing practically 20% upside from its opening value of $105.70 per share.
Gap – Shares of the retailer jumped practically 5.5% after Wells Fargo raised its goal on the inventory to a Street excessive of $40, or about 30% above the place shares closed on Friday. The firm “appears to be extremely well-positioned for market share gains this year, Athleta has meaningful runway for continued growth and Gap brand is showing green shoots in their brand-health initiatives,” Wells Fargo wrote in a notice to purchasers.
NXP Semiconductors, Penn National Gaming – S&P Dow Jones Indices introduced new additions to the S&P 500 on Friday, boosting shares of Penn National Gaming and NXP Semiconductors. The shares rose 7.7% and 3.1%, respectively, on Monday.
GenMark Diagnostics – Shares of the diagnostics firm jumped 29% after an announcement that Roche was shopping for GenMark in an all-cash deal value $1.Eight billion. The potential for a deal had beforehand been reported.