Stocks making the biggest moves midday: Global Payments, Moderna, Activision Blizzard and more
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Check out the companies making headlines in midday trading Monday.
Global Payments — Shares of the company sank 9.8% despite a better-than-expected earnings report. The payments technology company reported adjusted quarterly profit of $2.07 per share, beating a Refinitiv forecast by 3 cents. Revenue also topped analyst forecasts. The company also issued full-year revenue guidance that was roughly in line with analyst expectations.
Vertex Pharmaceuticals — The biotech company's shares fell 5.5% after the Food and Drug Administration placed a study of Vertex's treatment for type 1 diabetes on hold, after determining there is insufficient information to support dose escalation with the product.
Moderna – Shares of Moderna jumped 6.8% after the company said its Covid-19 vaccine for children under 6 years old will be ready for review in June by a Food and Drug Administration panel. Moderna applied for emergency use authorization for the treatment last week.
Moody's Corp — The risk assessment firm dropped 4.9% after the company cut its full-year earnings guidance. The company now expects full-year earnings to range between $10.75 and $11.25 per share excluding items. Previous guidance projected between $12.40 and $12.90 per share. Analysts estimated $11.92, according to FactSet.
Align Technology — Shares of the medical device maker jumped 5.4% after the company announced a $200 million accelerated stock repurchase program.
EPAM Systems — Shares of the software company EPAM Systems gained more than 5% after Piper Sandler upgraded them to overweight from neutral, citing its program checks.
Johnson Controls — Shares rose 1.6% after Bank of America initiated coverage of the HVAC producer with a buy rating. Johnson
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