Home Editor's Picks Midday movers: Alcoa, Moderna fall; Micron, Coinbase rise

Midday movers: Alcoa, Moderna fall; Micron, Coinbase rise


Alcoa, Moderna, Intuitive Machines fall premarket; Berkshire Hathaway rises By Investing.com

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AuthorPeter NurseStock Markets

Published Feb 26, 2024 07:46AM ET
Updated Feb 26, 2024 07:52AM ET

© Reuters.

Investing.com — U.S. futures traded in a muted fashion Monday, ahead of the release of key inflation data which could provide more clues as to future Fed monetary policy.

Here are some of the biggest premarket U.S. stock movers today:

Alcoa (NYSE:AA) stock fell 3.3% after the alumina producer Alcoa made a $2.2 billion offer for Australian peer and joint venture partner Alumina (OTC:AWCMY).

Ford (NYSE:F) stock fell 0.1% after the auto giant confirmed it had halted shipments of all of its 2024 model year F-150 Lightning trucks, citing quality checks for an unspecified issue.

Berkshire Hathaway (NYSE:BRKa) stock rose 2.1% after Warren Buffett’s conglomerate posted its second straight record annual profit, with its chairman reassuring investors that it was ‘built to last’.

Intuitive Machines (NASDAQ:LUNR) stock fell 25% after the space exploration company said its spacecraft had tipped over shortly after touching down on the lunar surface.

Moderna (NASDAQ:MRNA) stock fell 1.6% after HSBC downgraded its stance on the drugmaker to ‘reduce’ from ‘hold’, keeping a cautious stance on the overall market potential for Moderna’s mRNA vaccine, projecting peak sales at $1.7 billion, which aligns with the lower end of the consensus range of $1.5 to $2.4 billion.

Domino’s Pizza (NYSE:DPZ) stock rose 7% after the restaurant chain hiked its dividend and gave the green light to further share repurchases.

Freshpet (NASDAQ:FRPT) stock soared 12% after the pet-food manufacturer’s fourth-quarter revenue and profit topped analyst estimates, helped by a rise in sales as it boosts media spending.

PPG Industries (NYSE:PPG) stock rose 0.5% after the paints and coatings maker said it will review strategic alternatives for its architectural coatings business in the United States and Canada.

Alcoa, Moderna, Intuitive Machines fall premarket; Berkshire Hathaway rises

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