Disney and Novavax Gained Value in the Markets While Nikola Decreased

Disney and Novavax Gained Value in the Markets While Nikola Decreased

Walt Disney (NYSE: DIS) gained 6.6%. The entertainment giant reported an unexpected profit in the quarter, although the parks and halls were closed due to the coronavirus outbreak. The company received almost $ 5 billion of damage, but announced on May 4 that the Disney + streaming service had 54.5 million subscribers. Square (NYSE: SQ) gained 10%. In its report Tuesday, the payment processor announced that there was a 64% increase in second quarter earnings as consumers' online purchases and use of the end-to-end Cash App platform increased. Exxon Mobil (NYSE: XOM) gained 2%. In the Reuters report, the oil giant will announce that it plans to cut costs by delaying retirement savings thoughts in October. Apple (NASDAQ: AAPL) fell by 0.3%. Bank of America raised the company's rating to neutral, emphasizing that the increase in phone sales slowed. Nikola (NASDAQ: NKLA) fell more than 14%. The electric vehicle manufacturer reported a more serious loss than expected in the second quarter, explaining that the supply chain was damaged due to the epidemic. Novavax (NASDAQ: NVAX) gained 22%. The company has announced that the possible vaccine it is working on to prevent coronavirus is giving a promising immune response in the preliminary stage of its clinical testing. Beyond Meat (NASDAQ: BYND) fell 7.2%. Although the company's sales increased by 69%, the costs caused by the epidemic increased the quarterly net loss from $ 9.4 million to $ 10.2 million. WW International (NASDAQ: WW) fell 8%. The company, previously known as Weight Watchers, reported a 10% drop in revenue in the second quarter, although the number of subscribers peaked at all times. Walmart (NYSE: WMT) fell 0.9%. According to a Recode report, the retail giant has once again suspended the version of the paid membership service Walmart Plus. Walmart aims to make this app rival to Amazon (NASDAQ: AMZN) Prime.