The Starbucks cafe logo seen at one of their stores.
Stephen Zenner | LightRocket | Getty Images
Consult the companies that make securities in the trading of lunch.
Ulta Beauty – The shares of the cosmetics retailer fell by more than 3% after the Guggenheim downgraded Ulta to neutral from purchase. The Wall Street firm said it was concerned about the uncertainty of the profit margin amid increasing competitive pressure on digital platforms.
Starbucks – The shares of the coffee chain increased by 2.8% after the stock was updated to buy from neutral by BTIG. The company said in a note to customers that it expects an accelerated reopening of the restaurant, and the new federal incentive package will increase earnings forecasts for Starbucks.
DraftKings – Betting company shares rose more than 1% after DraftKings said it had priced its new $ 1.1 billion debt offering in senior convertible banknotes. The company had initially planned a $ 1 billion offer.
Nikola Corp. – The shares of the vehicle design company fell 6.5% after the company announced a $ 100 million common stock offer in a deposit with the Securities and Exchange Commission. Nikola said the proceeds will be invested in the company’s infrastructure and general business purposes.
AstraZeneca – Shares of AstraZeneca rose 2.6% after a report said its Covid-19 vaccine would be recommended for people aged 65 and over in Canada. The CBC report came after several European countries decided to discontinue the use of the vaccine amid concerns about its side effects. Both the World Health Organization and AstraZeneca say the vaccine is safe.
Avis Budget – Meanwhile, Avis Budget lost 7.6% at noon after Morgan Stanley downgraded equity to an “equal share” of “overweight”.
– CNG’s Maggie Fitzgerald, Jesse Pound, Pippa Stevens and Rich Mendez contributed to the reporting.