Updated October 12, 2021 9:41 am ET
Wall Street stocks rose slightly after the opening bell as investors weighed on rising energy prices and ongoing concerns over China’s real estate sector. Here’s what we see in morning trading:
Airbnb ABNB 3.16%
Stocks rose after the stock rose to outperform Cowen in the market.
- Credit Suisse raised its target price on shares of MGM Resorts International on Tuesday MGM 6.37%
to $ 68 per share from $ 33 per share.
- Shares in CureVac CVAC -5.62%
fell after the German drug maker said its shot – once considered a promising Covid-19 vaccine candidate – would come too late to have a viable market. The company is discontinuing its most advanced Covid-19 vaccine and focusing on a new version.
NanoVibronix NAOV -6.03%
Stocks gave up some of Monday’s gains after the health device company said the results of a tennis elbow treatment study were positive.
- Shares in cannabis company High Tide HITI -1.47%
was up before the market but withdrew after the opening bell. Its wholly owned subsidiary, Canna Cabana, has been approved to operate in British Columbia.
- Shares in Merck MRK -0.28%
Pulled back a day after and partner Ridgeback Biotherapeutics said they filed a motion asking U.S. health officials to approve their Covid-19 pill, the next step on the road to launching a long-sought drug for use Home.
The Merck & Co. campus in Rahway, NJ, July 12, 2018.
brendan mcdermid / Reuters
Bionano Genomics BNGO 6.46%
agreed to purchase BioDiscovery, a provider of software that analyzes, interprets and reports genomic data, for up to $ 100 million in cash and equity.
Citrix Systems CTXS -3.14%
Stocks slipped after William Blair cut the stock from Tuesday’s outperformance to market performance.
- Square SQ digital payments company 1.77%
rose without clear news, although the stock was one of the trend tickers on Stocktwits.
Fixing FAST 2.17%
Stocks rose in early trading. The manufacturer of fasteners and other industrial equipment saw sales and earnings increase in the third quarter, but found that supply chain and other input costs increased.
Westwater Resources WWR 4.30%
Shares rose as the battery-grade graphite company approved Phase 1 of the Coosa graphite project in Alabama.
- Income from Pinnacle Financial Partners PNFP 0.76%
and Smart Global Holdings SGH -1.40%
are due after the market closes.
Chart of the day
- The sunshine and breezes that make Brazil’s beaches a tourist destination have also drawn much of the world’s investments in solar and wind power to the country in recent years.
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