An entrance sign to the Johnson & Johnson campus displays their logo on August 28, 2019 in Irvine, California.
Mark Ralston | AFP | Getty Images
Check out the companies that are making the headlines in midday trading.
Johnson & Johnson – Johnson & Johnson shares fell 2.7% after the Centers for Disease Control and Prevention recommended Moderna and Pfizer vaccines for Covid-19 over the Johnson & Johnson vaccine on Thursday. The CDC confirmed 54 cases of people who developed blood clots and had low platelet levels after the Johnson & Johnson vaccination. The Moderna share gained 4.5%. However, Pfizer lost 2.9% after it announced it would add to its study with BioNTech of its Covid-19 vaccine in children aged 6 months to under 5 years.
Cerner – The health information company's stock rose 12.9% after it was announced it was in talks about a possible sale to Oracle. The deal could be worth $ 30 billion, according to the Wall Street Journal. Oracle's shares fell 6.4%.
FedEx – The shipping company's shares rose 4.9% after quarterly earnings and earnings exceeded expectations and a $ 5 billion buyback was announced. FedEx has also restored its original EPS forecast for 2022.
General Motors – GM lost 5.5% after it was announced that Dan Ammann, CEO of its San Francisco-based self-driving automaker, Cruise, had left the company. Cruise founder Kyle Vogt becomes interim CEO.
Rivian Automotive – Electric vehicle maker Rivian saw shares fall 10.2% after announcing its first quarterly results as a publicly traded company, and lowered its production target for 2021 as its 1,200 vehicle target was expected to be "a few hundred vehicles." is fallen short of ".
Darden Restaurants – The restaurant company's shares slumped 4.9% after CEO Gene Lee announced plans to retire on May 29. Olive Garden's parent company earned $ 1.48 per share on revenue of $ 2.27 billion in the second quarter. Wall Street analysts expected the company to make $ 1.43 per share on sales of $ 2.23 billion, according to Refinitiv.
Winnebago – The camper gained 0.8% after reporting a sizable bottom-line hit in the first quarter of fiscal. Winnebago earned $ 3.51 per share, compared to FactSet's consensus estimate of $ 2.34 and revenue that was also above analysts' projections.
Banks – Financials were among the biggest laggards on Friday as bond yields fell amid heightened fears about the Omicron variant. Wells Fargo lost 4.6%. Goldman Sachs and Morgan Stanley lost $ 3.9 and 3.1%, respectively. JPMorgan lost 2.2%.
Eli Lilly – The pharmaceutical company's shares fell 4.1% after competitor Biogen's drug for Alzheimer's disease received negative opinion from European health authorities. Eli Lilly began the US application process for his own Alzheimer's drug in October and is awaiting a regulatory decision next year. Goldman Sachs has also ruled Eli Lilly stock neutral with a target of $ 236, a downward trend of 15%.
– CNBC's Yun Li and Pippa Stevens contributed to the coverage.