Stocks making the biggest moves midday (2)
$BioNTech(BNTX.US)$ – The stock rose about 5.9% after BioNTech posted a better-than-expected first-quarter report. BioNTech earned $14.24 per share on revenue of $6.37 billion. Analysts polled by Refinitiv expected a profit of $9.16 per share on revenue of $4.34 billion.
$Twitter (Delisted)(TWTR.US)$ – Shares of the social media company fell 1.9% after The New York Times reported on Elon Musk’s financial goals for Twitter, citing an investor presentation. The billionaire — who is acquiring Twitter for $44 billion — aims to quintuple revenue by 2028, cut Twitter’s reliance on advertising and reach 931 million users by 2028, among other objectives set out in the presentation.
$Dish Network(DISH.US)$ – Shares dipped 1.3% after JPMorgan downgraded Dish to neutral from overweight, citing “weaker than expected PayTV and wireless results.” Meanwhile, Credit Suisse upgraded Dish to outperform from neutral, saying it sees “sufficient upside” for the company.
$Match group(MTCH.US)$ – Shares of the online dating company slid 2.3% after Wells Fargo upgraded the stock to overweight from equal weight. Wells said shares are “compelling” at current levels.
$Virgin Galactic(SPCE.US)$ – Shares of Virgin Galactic pulled back by 6.6% as Truist downgraded the space travel company to hold from buy amid concerns over additional flight delays.
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