The likely reason for the decline appears to be linked to news about one of Mastercard's rivals. What happened Shares of the payment processor Mastercard (MA 0.28%) had fallen nearly 5% as of 12:30 p.m. EST for no obvious reason, although it likely has something to do with the news that came out today about its rival Visa (V 0.32%).
Full Answer
What happened to 3M stock in February?
The stock of 3M ( MMM 0.19% ) tumbled 10.5% in the month of February, according to data provided by S&P Global Market Intelligence. With shares of the industrial conglomerate losing another 3% so far in March, 3M stock is now barely 4% away from its 52-week lows as of noon Tuesday.
Why did Moderna's stock price drop?
However, that wasn't the reason why Moderna's stock price slid. The more likely factors driving it lower were an overall stock market decline and the news that Sanofi (NASDAQ: SNY) and GlaxoSmithKline (NYSE: GSK) are preparing to file for regulatory authorizations of the COVID-19 vaccine they developed jointly.
Why did the stock market take a big dive Monday?
The stock market took a big dive Monday. Here’s what nervous investors should keep in mind amid the volatility. Stocks took a steep dive Monday amid fears that the coronavirus pandemic will be hard to pull out of. The Dow Jones Industrial Average shed 725 by the end of the day. The S&P 500 was down 1.6%, and the Nasdaq Composite has lost 1.1%.
Is 3M’s stock too attractive to ignore?
3M Company’s stock price has declined ~16% since the beginning of this year. While there are some near-term headwinds, the stock has become too attractive to ignore trading at ~14.5x forward P/E with a ~3.96% dividend yield.
Is M stock a buy?
Out of 9 analysts, 1 (11.11%) are recommending M as a Strong Buy, 2 (22.22%) are recommending M as a Buy, 5 (55.56%) are recommending M as a Hold, 1 (11.11%) are recommending M as a Sell, and 0 (0%) are recommending M as a Strong Sell.
Is Macy's a buy sell or hold?
Macy's has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 5 buy ratings, 5 hold ratings, and 2 sell ratings.
What did stock market do today?
The Dow Jones Industrial Average DJIA –1.56% closed up 80.93 points, or 0.3%, while the S&P 500 SPX –2.01% declined 0.1%, and the Nasdaq Composite was little changed. The S&P 500 and Nasdaq retreated 2% and 3% on Tuesday, respectively.
Which brand has M as its NYSE ticker symbol?
Macy's Inc M:NYSE.
Will M stock go up?
Macy's Inc (NYSE:M) The 13 analysts offering 12-month price forecasts for Macy's Inc have a median target of 28.00, with a high estimate of 36.00 and a low estimate of 15.00. The median estimate represents a +44.40% increase from the last price of 19.39.
Is MA a buy?
The consensus among 15 Wall Street analysts covering (NYSE: MA) stock is to Strong Buy MA stock.
What is the S and P 500?
The S&P 500 Index features 500 leading U.S. publicly traded companies, with a primary emphasis on market capitalization. The S&P is a float-weighted index, meaning the market capitalizations of the companies in the index are adjusted by the number of shares available for public trading.
What is the Dow Jones?
What Exactly Is the Dow Jones? The Dow Jones Industrial Average groups together the prices of 30 of the most traded stocks on the New York Stock Exchange (NYSE) and the Nasdaq. It is an index that helps investors determine the overall direction of stock prices.
What is the Dow?
The Dow Jones Industrial Average (DJIA) is a widely-watched benchmark index in the U.S. for blue-chip stocks. The DJIA is a price-weighted index that tracks 30 large, publicly-owned companies trading on the New York Stock Exchange (NYSE) and the Nasdaq.
Who owns Macy's today?
Macy'sMacy's Herald Square, the flagship store (2018)Key peopleJeff Gennette (Chairman/CEO)ProductsClothing footwear accessories bedding furniture jewelry beauty products housewaresParentMacy's, Inc.SubsidiariesMacy's Furniture Gallery Market by Macy's Macy's Backstage10 more rows
What is Macy's target price?
Stock Price TargetsHigh$36.00Median$28.00Low$15.00Average$27.08Current Price$20.20
Is Bloomingdale's publicly traded?
BLOOMINGDALE'S is a brand of Macy's Inc, listed on the stock exchange of New York. BLOOMINGDALE'S is part of the Retail -Cyclical activity sector....Stock market history Macy's Inc (BLOOMINGDALE'S)XPriceJun 23, 202219.07Jun 22, 202219.54Jun 21, 202219.93Jun 17, 202219.87219 more rows
What happened
Shares of Moderna (NASDAQ: MRNA) were down by 5.3% as of 1:25 p.m. ET Wednesday. The company announced a long-term collaboration with Thermo Fisher Scientific to manufacture messenger RNA (mRNA) vaccines. However, that wasn't the reason why Moderna's stock price slid.
So what
Sanofi and GlaxoSmithKline reported that the efficacy for two doses of their vaccine was 57.9%. That's well below the initial reported efficacy of 94% for a two-dose regimen of Moderna's COVID-19 vaccine, now being marketed as Spikevax. So why did Moderna's share price fall?
Now what
Sanofi and GSK are already in talks with the Food and Drug Administration and other regulatory agencies about submitting data to support the authorization of their COVID-19 vaccine. If the new vaccine is approved, it could negatively impact Moderna's future supply deals.
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