Denmark, along with Norway and Iceland announced Thursday they will temporarily suspend the use of the AstraZeneca COVID-19 vaccine over concerns over blood clots. The Danish Health Authority said it would temporarily stop as a precaution after receiving reports of “severe cases of blood clots in people ” vaccinated with the AstraZeneca COVID-19 Vaccine.
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5 Stocks to Watch Out For Friday, March 12
Vir Biotechnology Inc ▲(VIR 61.83 USD +15.01 (32.06%)) stocks rocketed out of the gates Thursday. After it announced that its experimental COVID-19 treatment significantly reduced hospitalization and death in high-risk adults. This candidate drug is being developed with partner GlaxoSmithKline. The monoclonal-antibody drug. VIR-7831 reduced death or hospitalization by 85% compared with a placebo in a clinical trial. Following the results, Vir and GSK said they plan to submit an Emergency Use Authorization application. This is a potential game-changer for patients.
Nio Inc – ADR ▲(NIO 46.03 USD +4.71 (11.40%)) stocks jumped more than 11% after Mizuho initiated coverage, starting with a “Buy” rating and a price target of $60. Nio is touted as a leader in the upscale EV market in China, which in turn, is projected as the largest EV market. Mizuho thinks NIO offers significant upside as it enters the European market later this year and continues with its China forays.
Bumble Inc ▲(BMBL 69.76 USD +6.85 (10.89%)) shares went more than 10% during yesterday’s trading after the company announced it beat its earnings forecast for the quarter. The dating app posted revenue of $165.5 million, squeaking by analyst estimates of $163.3 million.
Novavax, Inc. ▲(NOVA 187.63 USD +15.13 (8.77%)) closed almost 9% during trading hours Thursday, then zoomed 21.62% after hours. The biotech drugmaker reported that recent studies showed that its COVID-19 vaccine is highly effective, notching a 96.4% effective against “mild, moderate, and severe disease caused by the original COVID-19 strain.” Applications for emergency approval are now in the works.
Vail Resorts, Inc. ▲(MTN 305.48 USD +0.29 (0.095%)) traded much higher after the close, reaching up to 11% before settling in at 9.66%. The ski lodge operator reported a fiscal second-quarter net income of $147.8 million, generating $3.62 earnings per share, handily beating Wall Street estimates of $2.19. Despite being locked down most of last year, Vail’s resorts are now showing signs of life. Season pass sales are going up year over year.
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