During Market hours yesterday – (Monday – 21.03.2022)
Below some of the most representative highlights:
- Boeing (Symbol: BA) — Shares fell about 4% after a Boeing 737 passenger jet crashed in China with 132 people on board. China’s civil aviation agency lost contact with the flight over Wuzhou, and the number of deaths is currently unknown.
- General Motors (Symbol: GM) — Shares of General Motors fell 2.7% as Morgan Stanley lowered its price target to $50 per share and reiterated the auto company as equal weight. Analysts said they were concerned about inflation and ongoing supply chain disruptions which could affect demand.
- Disney (Symbol: DIS) — Disney shares fell 1.2% on Monday. It comes as the entertainment company announced it would close its Shanghai Disney Resort amid a Covid outbreak in China.
- Tesla (Symbol: TSLA) — Tesla shares rallied 1.7% after Jefferies reiterated the electric-vehicle company as a buy but lowered its price target to $1,250 from $1,400 amid a “riskier macro and geopolitical environment.”
- BlackBerry (Symbol: BB) — BlackBerry shares rose about 1.4% after RBC upgraded the company’s stock to sector perform from underperform.
- Occidental Petroleum (Symbol: OXY) — Oil prices edged higher on Monday as talks between Russia and Ukraine showed no signs of progress. Shares of Occidental rose about 8%.
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