{"id":126174,"date":"2021-05-24T17:03:51","date_gmt":"2021-05-24T17:03:51","guid":{"rendered":"https:\/\/precoinnews.com\/?p=126174"},"modified":"2021-05-24T17:03:51","modified_gmt":"2021-05-24T17:03:51","slug":"stocks-making-the-biggest-moves-midday-beyond-meat-virgin-galactic-amc-and-more","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/stocks-making-the-biggest-moves-midday-beyond-meat-virgin-galactic-amc-and-more\/","title":{"rendered":"Stocks making the biggest moves midday: Beyond Meat, Virgin Galactic, AMC and more"},"content":{"rendered":"
Check out the companies making headlines in midday trading.<\/em><\/p>\n Beyond Meat \u2014 <\/em>Shares of the alternative meat company surged around 10% after Bernstein double upgraded the stock to outperform from underperform. Beyond Meat's stock is down nearly 40% since January, but Bernstein said sales should gain steam again as the economic reopening widens.<\/p>\n Virgin Galactic Holdings \u2013 Virgin Galactic shares jumped roughly 19% following the company's Saturday spaceflight test. The test, which is a step forward for the space tourism company, had previously been delayed for more than six months. At one point on Monday the stock turned positive for 2021.\u00a0<\/p>\n AMC Entertainment \u2014<\/em> Shares of the movie theater chain jumped about 12% after the company's largest shareholder Dalian Wanda Group, a Chinese conglomerate, sold most of its stake in AMC. A Securities and Exchange Commission filing on Friday shows Dalian Wanda sold 30.4 million shares for about $427 million.<\/p>\n Dollar General \u2014<\/em> Shares of the discount retailer fell 3% after Bank of America downgraded the stock to underperform from neutral. The firm said in a note that Dollar General tends to underperform when gas prices are high.<\/p>\n Norwegian Cruise Line \u2014<\/em> Shares of the cruise operator popped about 3% in midday trading after the company announced plans to return cruising in the U.S. this summer.<\/p>\n HP \u2014<\/em> The tech stock rose about 0.5% after Citi upgraded HP to buy from neutral. The firm said in a note to clients that demand for personal computers should remain strong post pandemic.<\/p>\n Moderna\u00a0\u2014<\/em> Shares of Modera edged 1.6% higher after the pharmaceutical company announced a manufacturing agreement Saturday with South Korean biotech company Samsung Biologics. The move will enable Moderna to provide its Covid-19 vaccine outside of the U.S. starting in the third quarter of 2021, the company said.<\/p>\n \u2014 CNBC's Maggie Fitzgerald, Pippa Stevens and Jesse Pound contributed reporting.<\/em><\/p>\n Become a smarter investor with\u00a0CNBC Pro<\/strong>.\u00a0
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