A DoorDash Inc. delivery bag lies on the floor in Chef Geoff's restaurant in Washington, D.C.
Andrew Harrer | Bloomberg | Getty Images
Take a look at the companies making headlines on Monday lunchtime:
Pfizer, BioNTech – Drug manufacturers' stakes fell 2% and 6%, respectively, despite the Food and Drug Administration's approval of the company's Covid-19 vaccine, which Michigan ships to hundreds of distribution centers across the country.
DoorDash – The stock fell more than 7% after D.A. Davidson cut his rating of the grocery supplier from purchase to neutral. THERE. Davidson said the stock's current valuation appears to leave little room for performance issues. DoorDash went public last Wednesday. During its debut, the stock rose more than 80%.
Airbnb shares fell more than 8% after Gordon Haskett downgraded the home rental platform to underperform the purchase. The Wall Street firm said an overwhelming majority of the investors it spoke of failed to justify rating Airbnb versus online travel agents. Airbnb had blockbuster public market debt last week with stocks more than doubling on its first day of trading.
Denny & # 39; s – Wells Fargo initiated Denny & # 39; s with an overweight and sent the stock up about 1%. The company noted that "investors are currently underestimating the potential margin and improvement in EBITDA for BAN's business model as the company / economy emerges from the COVID-19 pandemic."
Virgin Galactic shares fell 13.2% after the company canceled a space flight test on Saturday due to an engine problem. The company expects to repeat the test from its base at Spaceport America, New Mexico.
Public Warehousing – The real estate and warehouse company's shares rose 2.5% after Elliott Management wrote in a letter saying it had built a stake in public warehousing and requested changes. The Activist Fund letter also urged public storage to increase its investment.
Caterpillar – The manufacturing company's shares rose 0.8% after Caterpillar reported retail stats in November in a securities filing. The filing shows that Caterpillar sales in America have rebounded over the past three months, although performance is still declining compared to 2019.
Bed Bath & Beyond – The company has signed an agreement with private equity firm Kingswood Capital Management to sell its Cost Plus World Market business. The company also announced a $ 150 million share buyback program. Bed Bath & Beyond shares fell 1.5%.
Disney shares fell 1.6% after an analyst at BMO Capital Markets downgraded the media giant from outperforming to market performance. "With significant multiple expansion recently for both the first vaccine news and Thursday's Direct-to-Consumer (DTC) Investor Day, we are stepping on the sidelines," the company said.
Arvinas – The drug maker’s shares rose more than 96% after positive data was released on its protein breakers, showing evidence of anti-tumor activity.
McDonald & # 39; s – UBS has switched McDonald & # 39; s to neutral, citing an attractive risk-return outlook. McDonald's was up 2.5%. McDonald's "maintains one of the most compelling and visible US comp catalyst trails for the next few months and through" 21, "the company said.
– CNBC's Jesse Pound, Maggie Fitzgerald and Yun Li contributed to this report.