Arena, Pfizer, Bluebird Bio, Peloton: What to Watch When the Stock Market Opens Today
- Date: 13-Dec-2021
- Source: The Wall Street Journal
- Sector:Financial Markets
- Country:UAE
Arena, Pfizer, Bluebird Bio, Peloton: What to Watch When the Stock Market Opens Today
Stock futures are up after the S&P 500 hit a record close on the heels of inflation figures that were the highest in decades. Here’s what we’re watching in Monday’s trading:
Arena Pharmaceuticals shares rocketed 95% higher premarket on reports that it was to be acquired by Pfizer for $100 a share. Pfizer’s own shares added 1.8% premarket after an Israeli study said its booster shots were effective against the Omicron variant. UBS lifted its rating of Pfizer’s stock to a buy and raised its price target.
Novavax was up ahead of the bell, by 4.8%. The company applied for emergency use for its Covid-19 vaccine in the United Arab Emirates. Fellow vaccine maker Moderna also added 2.6%.
Peloton Interactive shares were up 2.6% premarket, clawing back some of Friday’s losses that came after the company’s bike became associated with the demise of a character in “And Just Like That,” a reboot of “Sex and the City.” But the stock dive also could have been coincidence, as Credit Suisse
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