Meta’s $95 Billion Stock Offering; Moderna Down; Tesla Shares Up
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Episode Meta’s $95 Billion Stock Offering; Moderna Down; Tesla Shares Up
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Meta Platforms (META) analysts are positive on the Facebook parent after it said it is looking to raise as much as $95 billion from selling common and preferred stock to fund its AI investments, seeing the news as removing an overhang on the stock.
- Shares of Moderna (MRNA) are set to extend their decline for a third session, after the drugmaker gave results from a trial of its experimental vaccine used in the treatment of pancreatic cancer.
- Tesla (TSLA) shares gain as Barclays upgrades to overweight from equal-weight, citing M&A opportunity with SpaceX.
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