NEW YORK: Stocks that moved sharply or traded heavily Monday:
Weibo Corp., down $5.98 to $38.33.
The China-based social media company reported results that topped Wall Streets forecasts, but also noted some slowing in active users.
Ideanomics Inc., up 7 cents to $2.34.
The company’s Mobile Energy Global business unit is buying 2,000 units of a ride-hailing vehicle from a Chinese joint venture.
Myovant Sciences Ltd., up $4.66 to $27.41.
The drugmaker said it’s teaming up with Pfizer to develop hormone blocker relugolix for treatment of cancer and womens health issues.
Kinnate Biopharma Inc., up $2.87 to $40.87.
Several Wall Street analysts initiated coverage of the company, noting its inhibitors for treating tumors could be among the best.
AstraZeneca PLC, up 86 cents to $49.38.
The drugmaker’s shares got a lift after it said researchers believe its coronavirus vaccine will be effective against a new variant of the virus.
Apple Inc., up $4.72 to $136.69.
The iPhone maker led a broad rally in technology stocks, which helped lift the tech-heavy Nasdaq composite to a new high.
Carnival Corp., up 87 cents to $21.71.
The cruise line operator rose as traders bid up shares in companies that were hit the hardest by the pandemic.
Alibaba Group Holding Ltd., up 36 cents to $222.36.
The Chinese tech giant recovered some of its losses after last week’s plunge on news it was the target of an anti-monopoly investigation.
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