A Virgin Galactic logo is seen outside the building on the company’s first trading day on the New York Stock Exchange (NYSE) on October 28, 2019 in New York City.
JOHANNES EISELE | AFP | Getty Images
Consult the companies that make securities in the trading of lunch.
Virgin Galactic – The shares of the space company fell by 14%, after a file showed that the president Chamath Palihapitya sold his personal shares of 6.2 million shares for about 213 million dollars. He still owns 15.8 million shares with investment partner Ian Osborne. Palihapitiya, in a statement to CNBC, said he intends to redirect the sale “to an important investment they are making to combat climate change.”
Ark Innovation – Shares of Cathie Wood’s flagship ETF fell more than 6%, while rising interest rates pressed stocks of innovation. The funds held by the top were all in the red. Tesla shares fell 7%, Square and Roku both lost 6%, and Baidu fell 8%. CRISPR Therapeutics fell nearly 10 percent, and Shopify fell 7.5 percent.
Large batches – retail stock fell more than 3% after its comparable in-store sales results for the fourth quarter waited mixed. The company reported a comparable increase in sales of 7.9%, before the 8.4% expected by analysts, according to FactSet. The company did not provide guidance throughout the year, citing uncertainty about the pandemic and government stimulus. Earnings per share exceeded expectations, based on estimates compiled by Refinitiv.
Norwegian Cruise Line Holdings – Norwegian shares fell 14%, underperforming other troubled cruise names after the company announced another share offer. The company sells about 47.6 million shares for $ 30 a share. Norwegian has said it intends to use the funds to buy back the debts.
Cisco Systems – Cisco Systems shares rose more than 3% after JPMorgan updated shares to be overweight from neutral. “We are updating CSCO’s actions on Overexertion based on a combination of tracking the recovery of companies’ IT expenses ahead of expectations, on the way to subscriptions, as well as still inexpensive evaluation due to poor performance for colleagues,” the company said.
Nikola – The shares of the electric truck manufacturer fell by more than 7% after JPMorgan reduced its stock to neutral from overweight. The Wall Street firm said the “good news” is already the prices in Nikola shares.
Gap – Clothing retailer’s shares rose more than 6% after the company said it predicted a return to sales growth in 2021 as more consumers return to stores. Gap reported fourth-quarter sales, which lowered pandemic estimates, but made a profit due to its efforts to sell more goods at full price and the progress made by closing underperforming stores.
Oracle – technology stock rose 7% after Barclays upgraded the company to the same weight, saying it sees “accelerated growth” that will lead to “multiple expansion”. Barclays cited “an improved cloud mix and a better IT spending environment” as factors driving Oracle’s growth.
Hibbett Sports – The shares of the sports retailer fell by more than 5% following the mixed results of the fourth quarter. The company posted earnings per share of $ 1.40 on revenue of $ 367.8 million. Analysts surveyed by FactSet expected earnings per share of $ 1.37 with revenue of $ 380.9 million. However, for 2020, Hibbett announced a record year due in part to the increase in online sales.
IMAX Corp. – Imax shares rose 11% after the company said it expects better results this year, and consumers will return to cinemas. The jump comes despite the fact that the theater operator reported mixed results in the fourth quarter, with the company’s earnings per share exceeding a Refinitive estimate. However, Imax also recorded better-than-expected revenue for the quarter.
– with reports from CNBC Yun Li, Jesse Pound and Rich Mendez.