Midday Movers: Revlon, Moderna, Utz and More

2022.06.17 20:26

By Liz Moyer

Investing.com — U.S. stocks wavered on Friday, trying to stage a comeback from Thursday’s rout. Here are the midday movers for June 17: 

• Revlon Inc (NYSE:REV) shares jumped 76% after a report that the cosmetics maker could be a takeover target after it filed for chapter 11 bankruptcy protection.
• Moderna Inc (NASDAQ:MRNA) shares rose 4.8% after the Food and Drug Administration cleared the way for Covid-19 vaccines for children under 5 years old. Shares of Pfizer (NYSE:PFE), whose vaccine was also cleared for children as young as six months old, fell 2.3%.
• Roku Inc (NASDAQ:ROKU) stock rose 1% after it announced a plan with Walmart (NYSE:WMT) where Roku users could purchase items with their remote control devices while streaming television programs.
• Utz Brands Inc (NYSE:UTZ) shares rose 3.7% after Goldman Sachs raised its ratings on the snack maker to buy from neutral.
• Oil majors fell after the price of oil per barrel tumbled 6% in Friday trading. Shares of Exxon Mobil Corp (NYSE:XOM) were down 6% as were shares of Chevron Corp (NYSE:CVX). Shares of Shell PLC ADR (NYSE:SHEL) fell 2%. 
• Seagen Inc (NASDAQ:SGEN) shares rose 17% and Merck & Company Inc (NYSE:MRK) shares fell 1.7%. The Wall Street Journal reported earlier that Seagen, a biotech focused on developing cancer drugs, was a potential takeover target by Merck and that the two had been in talks.

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