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Intel Rises, Moderna Surges, Monday.com Soars After Raising Full Year Forecast
Description
On this episode of Stock Movers:
-Intel (INTC) shares rise. It gained on the back of optimism it will find more demand for its chip-packaging services. Intel's stock price has more than tripled this year so far through Friday's close. Much of that boost has been related to hopes the company is about to sign up a major customer for its foundry, or chip-manufacturing unit.
-Moderna (MRNA) shares surge as investors focus shifts to an emerging global health concern, a hantavirus outbreak. The company has been quietly advancing hantavirus research in collaboration with the U.S. Army Medical Research Institute of Infectious Diseases and Korea University, positioning its mRNA platform as a vital tool for rapid response to such emerging threats.
-Monday.com (MNDY) shares soar after the software company raised its full-year forecast for both revenue and adjusted operating profits. It also reported first-quarter results that beat expectations.
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