A Nio ES6 electric vehicle is on display in a car experience area of Wanda Plaza on November 28, 2020 in Beijing, China.
VCG | Visual China Group | Getty Images
Check out the companies that feature titles Monday at noon:
Nio – The US-listed shares of the Shanghai electric vehicle company advanced more than 8% after the company announced plans for a new sedan. The move prompted several Wall Street firms to raise their stock forecast, with JPMorgan raising its price target to a maximum of $ 75.
Twitter – Social media platform shares fell 6 percent after Twitter decided to permanently suspect President Donald Trump’s account. Twitter said late Friday that it had decided to remove the president “because of the risk of incitement to violence” after the deadly US Chapter riot.
Tesla – The electric vehicle company fell by more than 4%, as investors made profits from the flight stock. The lower leg gets a winning streak of 11 sessions for Tesla, the longest winning streak on a daily basis. Separately, Bank of America raised its price target for Tesla to $ 900, up from a previous forecast of $ 500.
Roku – Shares rose 3.7% after Citi raised its share price target to $ 460 per share from $ 375. The company cited Roku’s acquisition of Quibi’s distribution rights, which has now disappeared as a reason for the hike. The new target price is about 15% higher than where the shares closed on Friday.
Sarepta Therapeutics – The shares of the biotechnology company increased by 7.6% after Sarepta revealed a cash position of approximately $ 1.9 billion as of December 31.
Lululemon – The sports retailer rose 1.2% on Monday, after announcing that it expects fourth-quarter revenue and sales to come at the end of its previous guidelines, citing strong performance over the holidays.
Boeing – Stocks came under pressure after a 737-500 plane crashed shortly after taking off from Jakarta’s main airport over the weekend. Around noon, Boeing traded lower by 2.4% and contributed the most to the decline in the Dow Jones industrial average.
Baidu – Shares fell more than 5%, withdrawing from a rally of more than 15% in the previous session, after the Chinese internet giant confirmed that it has formed a strategic partnership with car manufacturer Geely to create a vehicle unit independent electrical. The stock rose double-digit on Friday after CNBC first reported the news, citing a person familiar with the matter.
CureVac – Shares of the German biotechnology company fell 6.8% after the company published preclinical results about its candidate for the Covid-19 vaccine, which is effective in rhesus monkeys. The company’s CEO also told the German newspaper Handelsblatt that the company aims to complete the phase 3 process in the first quarter, according to FactSet.
—Pippa Stevens, Maggie Fitzgerald, Jesse Pound and Yun Li contributed to this report.