Stocks of Airlines- After a surge in weekend cancellations due to staffing issues, the major airlines saw their shares slip in the premarket. United Airlines (UAL) fell 1.8%, American Airlines (AAL) fell 1.4%, Delta Air Lines (DAL) fell 1%, and Southwest (LUV) declined 1.5%.
Stocks of major cruise lines – After three outbreaks of Covid-19 on Carnival (CCL) and Royal Caribbean (RCL) ships in the past week, stocks of major cruise lines declined in premarket trading. Carnival was down 2.2% in premarket trading, while Royal Caribbean was down 1.9% and Norwegian Cruise Line Holdings (NCLH) slid 1.6%.
GoDaddy- A Wall Street Journal report says activist investor Starboard Value owns a 6.5% stake in GoDaddy (GDDY). This led to a 3.9% jump in premarket action for the company.
Apple- In the Netherlands, the top competition regulator cited Apple for breaking competition laws. Apple’s App Store payment policies were ordered to be modified. Apple plans to appeal the decision.
Cigna- In a filing with the SEC, the insurer confirms its earnings guidance for 2021 and 2022. Cigna expects adjusted earnings of at least $20.35 per share in 2021 and growth of at least 10% in 2022.
Moderna- A report in the Financial Times indicates that Moderna Corporation is fighting a shareholder proposal to make its vaccine technology available to poorer countries. A proposal demands that Moderna explain why its prices are so high given the amount of government financial support it has received. Moderna was down 2% in the premarket.
Avis Budget (CAR) – In premarket trading, the car rental company’s shares jumped 2.6%, following a 3.2% rise Thursday. According to travel company Kayak, average rental rates are $81 per day.
Didi Global (DIDI) – Didi dropped 1.3% in premarket trading after the Financial Times reported that the Chinese ride-hailing company prohibited employees from selling shares indefinitely. That follows the company’s decision to delist in the United States.
