Company News for May 12, 2022

Zacks Equity Research Published on May 12, 2022

Moderna, Inc.’s (MRNA - Free Report) shares fell 6.7% after the company announced that its chief financial officer had departed just two days after joining the position.
Shares of Coinbase Global, Inc. (COIN - Free Report) plummeted 26.4% after the company reported first-quarter 2022 adjusted loss of $1.98 per share, missing the Zacks Consensus Estimate of earnings of $0.35 per share.
Shares of Occidental Petroleum Corporation (OXY - Free Report) rose 1.2% after the company reported first-quarter 2022 earnings of $2.12 per share, beating the Zacks Consensus Estimate of $1.97 per share.
Switch Inc.’s shares surged 9.1% on news that DigitalBridge Group, Inc. (DBRG - Free Report) had offered to buy the company in an $11 billion deal.

Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.