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Company News for May 12, 2022

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  • 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 (SWCH - Free Report) shares surged 9.1% on news that DigitalBridge Group, Inc. (DBRG - Free Report) had offered to buy the company in an $11 billion deal.