Stocks having a favorable time
Here are some stocks that surged midday MondayModerna — The drugmaker’s stock ascended beyond 7% following it announced that its phase three trial data showed its coronavirus vaccine is more than 94% effective in preventing Covid-19. Moderna is the second U.S. company within a week to report positive results from its trial.HD Supply, Home Depot — HD Supply shares soared more than 24% after Home Depot made the decision to buy back the wholesaler of industrial goods for about $8 billion, or $56 per share in cash. Home Depot shares traded by going up 0.7%.Chewy — The pet store added 1% following Needham initiated coverage on the company with a buy rating, as reported by CNBC. “CHWY is strongly positioned to gain new customers, drive retention through subscription, and capture wallet share as newer cohorts mature and spend more,” the firm said. Tapestry — The parent company of Coach, Kate Spade and Stuart Weitzman witnessed its shares going up 3.6% after JPMorgan upgraded the stock to overweight from neutral. The Wall Street firm stated the luxury fashion company is assured of multi-year bottom-line acceleration.