One of the most common questions traders have about stocks is “Why is this changing?”
That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description of why that stock is moving.
Here are the latest news and updates for Uber, Lyft, GE and Carnival.
Lyft Inc (NASDAQ: LYFT) Shares are trading up 5% in Wednesday’s pre-market session, after the company reported that the daily average of shared trips in February rose 4% month-over-month.
In the 8-K case, Lyft said he continues to expect the average daily volume of shared travel in the first quarter of 2021 to exceed the average daily volume of shared travel in the fourth quarter of 2020. Lyft also expects the first quarter to show three consecutive months of average daily growth of shared trips.
Uber Technologies Inc (NYSE: UBER) is being traded with a 3% increase in sympathy.
See also: How to buy Uber stock
On Tuesday, General Electric Company (NYSE: GE) received a $ 41 million DARPA project to improve the speed of manufacture and distribution of nucleic acid-based vaccines.
According to the press release, the project builds on GE’s experience with the synthetic method for producing industrial quantities of DNA and GE’s DNA-based approach may be compatible with the new RNA-based COVID-19 vaccines recently approved.
GE also highlighted its involvement in a mobile platform designed to produce> 1,000 doses ready for use at the required location in less than three days.
GE shares are trading up 1.2% in Wednesday’s pre-market session.
Looking at a post-pandemic world, Carnival Corp (NYSE: CCL) Holland America Line family of companies announced itineraries to Australia, New Zealand, South Pacific, Far East, South America, Antarctica, Hawaii, Tahiti. Carnival says cruise itineraries are officially open for reservations for the 2022 and 2023 seasons.
Carnival’s shares are up 2.3% on Wednesday.
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