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Moderna, Regeneron, Meta Platforms Fall Premarket; Twitter Rises

Investing.com
·2-min read

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Tuesday, November 30th. Please refresh for updates.

Meta Platforms (NASDAQ:FB) stock fell 0.6% after Britain's antitrust regulator directed Facebook’s owner to sell animated images platform Giphy for competitive reasons.

Twitter (NYSE:TWTR) stock rose 0.8%, continuing the social media giant’s volatile trading after founder and CEO Jack Dorsey said on Monday he would step down from the company.

Moderna (NASDAQ:MRNA) stock fell 2.6% after CEO Stephane Bancel told the Financial Times that it was likely the drugmaker’s vaccine would likely have to be adjusted to cope with the omicron variant of Covid-19.

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Regeneron (NASDAQ:REGN) stock fell 1.4% after the pharmaceutical company said its Covid-19 antibody drug could have reduced activity against the new variant.

American Airlines (NASDAQ:AAL) stock fell 1.9%, Delta (NYSE:DAL) stock fell 1.8% and United (NASDAQ:UAL) stock fell 2% as travel stocks suffered, while cruise operators Carnival (NYSE:CUK) and Norwegian Cruise Line (NYSE:NCLH) both dropped over 2%. Retail, casino and hotel stocks were also broadly lower.

Exxon Mobil (NYSE:XOM) stock fell 1.9%, Chevron (NYSE:CVX) stock dropped 1.8% and Occidental Petroleum (NYSE:OXY) stock slipped 3%, as oil prices fell more than 2% on demand concerns.

Netflix (NASDAQ:NFLX) stock rose 0.6%, Peloton (NASDAQ:PTON) stock rose 1.2% and Zoom Video (NASDAQ:ZM) stock rose 1.7%, with these stay-at-home stocks benefiting from the increased uncertainty over the omicron variant.

Bank of America (NYSE:BAC) stock fell 2%, Wells Fargo (NYSE:WFC) stock dropped 1.7% and Citigroup (NYSE:C) stock fell 1.8% as the Wall Street lenders tracked a dip in Treasury yields.

Dollar Tree (NASDAQ:DLTR) stock fell 2.9% after Goldman Sachs downgraded its investment stance on the discount retailer to ‘neutral’ from ‘buy’, saying the stock is getting too expensive.

SolarEdge Technologies (NASDAQ:SEDG) stock fell 3.2% after Morgan Stanley downgraded the company to ‘equal-weight’ from ‘overweight’, saying the stock is at the end of its run.

Intuit (NASDAQ:INTU) stock fell 4.3% after the financial software company announced the secondary offering of over 1.5 million shares of common stock.

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