Moderna, Lululemon, GameStop and more

Find out which companies are making the midday headlines.

Moderna – The drugmaker’s shares rose more than 7% after announcing it was developing a two-in-one booster vaccine that protects against both Covid-19 and seasonal flu. The new vaccine, which the company calls mRNA-1073, combines Moderna’s current Covid vaccine with an influenza vaccine that is also in development, according to a press release.

Lululemon – The athleisure brand jumped 12% to an all-time high after reporting strong second quarter earnings and said it was on track to hit a 2023 revenue target ahead of schedule. The company has outperformed other retailers during the pandemic and is ready to continue even if people return to their offices.

GameStop – Shares of the video game retailer fell 2.7% even after the company posted a smaller second-quarter loss compared to a year earlier and higher sales. The retailer did not provide an outlook for the next few quarters and details on its e-commerce transformation, which disappointed Wall Street analysts. The stock of memes favored by traders on Reddit is still up over 900% this year.

Boston Beer – Shares of the alcoholic beverage fell more than 4% after withdrawing its profit forecast on Wednesday night amid slowing sales of its brand of hard seltzer water Truly. The move came just weeks after the company blamed lower-than-expected second-quarter profits on Truly’s weak sales, causing it to lower its guidance for the full year.

RH – Shares of the furniture retailer jumped nearly 8% after beating quarterly results up and down. RH earned $ 8.48 per share, beating estimates of $ 6.48 per share, according to Refinitiv. Revenue rose to $ 988.8 million, above expectations of $ 975.4 million.

Caesars Entertainment – Caesars shares gained 3% after the company said it would sell the non-U.S. Assets of its William Hill sports betting unit to U.K. gaming company 888 Holdings. The deal is worth around 2.2 billion pounds, or roughly $ 3 billion.

NetEase – Chinese regulators have summoned NetEase and other game companies to remind them of restrictions on play time for children. Shares of NetEase fell 2.7%.

Analog Devices – Shares of Analog Devices rose 2.8% after the company said its acquisition of rival chipmaker Maxim Integrated Products is expected to increase adjusted profit within 12 months of closing six months earlier provided that. Analog Devices said it expects the acquisition to be neutral to adjusted earnings in fiscal 2022.

Macy’s – Shares of the retailer gained 1.5% after Cowen improved the stock to an outperformance rating, saying the stock can jump as much as 30%. The company pointed out that the retailer’s digital push, along with product innovation and price management, were factors that would drive the rise. Macy’s shares have almost doubled this year.

Ford – Ford shares fell 1.4% after the automaker said it would end vehicle production in India, at a cost of around $ 2 billion. The company is closing two large factories in the country and around 4,000 people are expected to lose their jobs.

Blade Air Mobility – Blade shares jumped more than 15% after JPMorgan said the air rideshare company could be the Uber of the sky. The company predicts an 80% rally for Blade and estimates the airline rideshare market could be worth tens of billions of dollars within a decade.

Leslie’s – Leslie’s shares rose 2.6% after Stifel started hedging the pool’s shares with a buy rating. The company said the stock is currently undervalued as Leslie’s is poised to “build on its core market share” in the pool and spa market.

– CNBC’s Pippa Stevens, Yun Li, Maggie Fitzgerald and Tanaya Macheel contributed reporting