Home Finance Beyond Flesh, Virgin Galactic, AMC and more

Beyond Flesh, Virgin Galactic, AMC and more

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Beyond Meat Inc.’s Plant-Based Burger Beyond Burger’s patties are cooked in a skillet.

Yuriko Nakao | Getty Images

Learn about the companies making headlines in afternoon trading.

beyond flesh Alternative meat company shares rose 10% Bernstein Double Upgraded Stocks underperform to outperform. Beyond Meat’s stock is down about 40% from January, but Bernstein said sales should pick up steam again with the economic reopening.

Virgin Galactic Holdings – Virgin Galactic shares jump 27.6% after the company’s Saturday space flight test. The test, which is a step forward for the space tourism company, was previously delayed for more than six months. The stock turned positive for 2021 at one point on Monday.

AMC Entertainment Shares of the movie theater chain rose 13.3% after the company’s largest shareholder, Dalian Wanda Group, a Chinese conglomerate, sold its majority stake in AMC. a Securities and Exchange Commission filings It was revealed on Friday that Dalian Wanda sold 30.4 million shares for about $427 million.

dollar general Shares of the discount retailer fell nearly 4% Bank of America Downgrade Stock to underperform from neutral. The firm said in a note that Dollar General tends to perform poorly when gas prices are high.

Norwegian Cruise Line Shares of the cruise operator rose 4.7% after the company announced plans to return to cruising in the US this summer.

Himachal Pradesh Tech stock rose nearly 2% City Upgraded HP wants to buy from neutral. The firm said in a note to customers that demand for personal computers should remain strong post-pandemic.

modern Shares of Modera rose 1.7% after pharmaceutical company announcement construction agreement With South Korean biotech company Samsung Biologics on Saturday. The company said that this move will help Moderna to make its Kovid-19 vaccine available outside the US in the third quarter of 2021.

— CNBC’s Maggie Fitzgerald, Pippa Stevens and Jesse Pound contributed reporting.

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