Trade The Most Active Stocks: Moderna, Albemarle, EQT
Date
6/14/1905 12:00:00 AM
(MENAFN- Baystreet)
Mainz Gears up for German Conference, Presentation
Southwest Cuts Capacity
Kohl's in Same Playpen with Babies R Us
FMC Expands
platform into Canada
Top Reasons
Gold Prices Could Test $2,500 this Year Previous Articles Subscribe to Get Small Cap News & Alerts
Chris La - Tuesday, March 12, 2024
Trade The Most Active Stocks: Moderna, Albemarle, EQT
Traders have an assortment of Stocks to bet on today. In the vaccine segment, Moderna (MRNA) may added to Monday's 8.69% gain. Last week the Food and Drug Administration voted to recommend changes to the flu vaccines. It recommends converting quadrivalent flu vaccines to trivalent.
Renewed buying interest in electric vehicle automotive firms lifted Albemarle (ALB) by 5.43% yesterday. Markets are dismissing concerns about a stock dilution. On March 6, Albemarle priced its $2 billion equity offering. It upsized the offer from $1.75 billion, an indication of strong demand.
In the energy sector, EQT Corporation (EQT) harmed shareholders when it announced an all-stock deal to buy Mountain Valley Pipeline owner Equitrans (ETRN). ETRN stock gained 8.5% on Monday while EQT stock lost 7.76%. EQT is getting ETRN stock at a deep discount. Expect ETRN shareholders to vote“no” to the deal. This would force EQT to sweeten the deal.
Other energy stocks traded mixed. The direction of West Texas Intermediate crude depends on the direction of inflation rates. Continued inflationary pressure would indicate the economy is overheated. This increases demand for oil and gas. In addition, China reported an end to deflation. China's CPI rose by 0.7% in February.
Investors may look at energy giants like Exxon Mobil (XOM). If China's economy rebounds, mining firms like Rio Tinto (RIO) and Freeport-McMoRan (FCX) will thrive.
About Us Contact Us Advertise License Our Content Jobs Disclaimer Privacy Policy
Copyright 1998 - 2024 Baystreet Media Corp. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes. Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Market Data is provided by QuoteMedia. Earnings by Zacks. Analyst Ratings by Zacks
MENAFN12032024000212011056ID1107967119
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.