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.
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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