Eli Lilly, AMC, Delta Air Lines and more

Here are the companies making headlines on Wall Street Monday.

Eli Lilly – The drugmaker’s shares fell more than 8% after a phase two trial for donanemab showed the treatment slows the progression of Alzheimer’s disease. Mizuho Securities said in a note that the results were “strong, not surprising”.

AMC Entertainment – The movie giant’s shares jumped more than 22% as it began reopening theaters in Los Angeles. AMC reopened two locations in the city on Monday and plans to reopen the 23 other Los Angeles theaters by Friday. The company hopes to open all of its locations across the state by Friday.

American Airlines, United Airlines, Delta Air Lines and Alaska Air Group – Shares of major U.S. airlines jumped on Monday in optimism that travel will return to normal as part of the vaccine rollout. Air travel over the weekend is at its highest level in more than a year and airlines are seeing an increase in bookings. Shares of American Airlines and United Airlines rose more than 6%. Delta jumped 3% and Alaska Air Group gained nearly 4.4%.

MGM Resorts – The stock of hotels and games rose about 4.2% after investment firm Jefferies upgraded MGM to buy on hold. The company cited an improved outlook for travel to Las Vegas and the rise of online gambling as reasons for optimism.

Unity Software – Unity Software shares jumped more than 3% after Goldman Sachs began hedging video game stock with a buy note, calling it “a design platform for the masses.” The Wall Street firm slapped a target of $ 126 per share on Unity, which is up nearly 20% from its opening price of $ 105.70 per share.

Gap – The retailer’s shares jumped nearly 5.5% after Wells Fargo raised its target on the stock to a high of $ 40, about 30% above the stock close on Friday. The company “appears to be extremely well positioned to gain market share this year, Athleta has significant lead for continued growth and the Gap brand is showing green shoots in its branded health initiatives,” Wells Fargo wrote in a note. to customers.

NXP Semiconductors, Penn National Gaming – S&P Dow Jones Indices announced new additions to the S&P 500 on Friday, increasing the shares of Penn National Gaming and NXP Semiconductors. Shares rose 7.7% and 3.1%, respectively, on Monday.

GenMark Diagnostics – Shares of the diagnostics company jumped 29% after Roche announced it had bought GenMark in a $ 1.8 billion all-cash transaction. The potential for a deal had already been pointed out.