Premarket Movers Monday as Futures Drop Due to Omicron Fears
Stock futures dropped Monday as Christmas week opened with a rise in omicron-related Covid infections.
Here are some of the top movers ahead of Monday's session.
1. Novavax NVAX | Up 10%
Shares of Novavax (NVAX) - Get Novavax, Inc. Report jumped ahead of expected approval from the European Union’s top drug regulator for the drugmaker's Covid-19 vaccine.
The European Medicines Agency said its human medicines committee on Monday will hold an extraordinary meeting to decide whether to give the nod to Novavax’s NVX-CoV2373 vaccine, now known as Nuvaxovid.
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2. Moderna MRNA | Up 7.6%
Shares of Moderna (MRNA) - Get Moderna, Inc. Report rose after the drugmaker said booster shots of its coronavirus vaccine induced a big jump in antibodies that can fight the omicron variant.
3. Zoom Video ZM | Up 2.6%
Shares of Zoom Video (ZM) - Get Zoom Video Communications, Inc. Class A Report were higher. The videoconferencing service and stay-at-home stock made gains amid a surge in global omicron infections.
4. Royal Caribbean RCL | Down 3.3%
Shares of Royal Caribbean (RCL) - Get Royal Caribbean Group Report slipped as travel restrictions on U.S. visitors are expected to be reinstated due to a sharp rise in omicron-related Covid cases.
5. United Airlines UAL | Down 3%
Shares of United Airlines (UAL) - Get United Airlines Holdings, Inc. Report slumped. Travel stocks were hit due to a sharp rise in omicron-related Covid cases and worries that travel restrictions will likely be imposed by a number of nations.
