Moderna’s stock hits record price on Tuesday
Shares of Moderna Inc. MRNA, +0.22% were up 2.3% in premarket trading on Wednesday, the day after the company’s stock price hit an all-time high of $234.60 when the market closed on Tuesday.
Shares of Moderna Inc. MRNA, +0.22% were up 2.3% in premarket trading on Wednesday, the day after the company’s stock price hit an all-time high of $234.60 when the market closed on Tuesday.
Crude heads for big quarterly gains
Cybersecurity company SentinelOne S, 30.29%, said Wednesday its initial public offering priced at $35 a share, above the proposed range of $31 to $32. The company sold 35 million shares to raise $1.23 billion. The stock will start trading on the New York Stock Exchange later Wednesday, under the ticker “S.”
Xometry Inc. XMTR, 57.75%, an AI-driven marketplace for on-demand manufacturing, said its initial public offering priced at $44 a share, above its proposed price range of $38 to $42. The company sold 6.9 million shares to raise $303.6 million. The stock will start trading on Nasdaq later Wednesday under the ticker “XMTR.”
Luckin Coffee Inc. LKNCY, 27.60% stock jumped 14.2% in Wednesday trading after the Chinese-based coffee purveyor released its restated fourth-quarter 2019 financial results. Luckin Coffee “substantially completed” an internal investigation last year that found financial misconduct started in April 2019 resulting in inflation of 2019 net revenue by RMB2.12 billion (approximately $328 million, by today’s conversion).
Facebook ends above $1 trillion market cap
“It’s very important for us to get back to our 2 percent inflation target but the goal is for that to be sustainable. And for that to be sustainable, we can’t have a boom and bust cycle in something like real estate.”
— Boston Fed President Eric Rosengren
Touting strong revenue growth and momentum, language-learning app maker Duolingo Inc. on Monday filed for an initial public offering.
Nissan Motor Co. said Tuesday that its global sales in May rose 28% compared with the same period a year earlier, when sales were hit hard by the Covid-19 pandemic.
European stocks held to a tight range on Monday, pausing after a rally which has seen equities rise five of the last six weeks.