Midday Movers: Revlon, Moderna, Utz and More

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Midday Movers: Revlon, Moderna, Utz and More

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 (NS: PROR ) and that the two had been in talks.

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