Franklin Resources, Harley-Davidson, Roblox, AMC and more

A mechanic works on a motorcycle at a Harley-Davidson showroom and repair shop in Lindon, Utah on Monday, April 19, 2021.

George Frey | Bloomberg | Getty Images

Find out which companies are making the midday headlines.

Franklin Resources – Shares of the asset manager jumped 12% after the company reported better-than-expected quarterly earnings. Franklin Resources also announced that it has agreed to acquire private equity firm Lexington Partners for $ 1.75 billion.

Align Technology – The maker of transparent braces jumped nearly 6% after the company announced a $ 100 million fast-track share buyback program. The stock is up about 23% this year.

Moderna – Shares fell more than 4% after drugmaker said Food and Drug Administration needed more time to review its Covid-19 vaccine for 12 to 17 year olds before granting clearance emergency use. The agency is specifically studying the risk of myocarditis, or swelling of the heart muscle, in adolescents. Moderna said the review could take until January 2022 to conclude.

PG&E Corp – Shares of the gas and power company fell 2.7% after releasing third-quarter results that beat analysts’ expectations. PG&E posted 24 cents per share, against estimates of 26 cents.

Coinbase – Shares of the cryptocurrency exchange jumped more than 5% after competing exchange Binance temporarily halted all crypto withdrawals due to a large backlog.

Aon – The provider of risk mitigation products fell nearly 4% after Wells Fargo Securities downgraded the stock to equal weight to overweight, citing fourth quarter spending despite recent strength and a target price increase by analysts.

Harley-Davidson – Motorcycle company shares jumped more than 6% after the United States and the European Union reached a deal to weaken tariffs on imports of steel, aluminum and motorcycles. Wedbush Securities said in a note that the news “eliminates a significant headwind that the company has faced for most of this year.”

Spotify – Stocks gained more than 3% after the streaming platform was named a Morgan Stanley top pick. Spotify also received an upgrade from Bernstein to improve market performance in the event of underperformance.

Deere – The machinery maker jumped about 6% after reaching a six-year interim deal with striking workers that would give them raises and higher bonuses. The deal is expected to be put to a vote on Tuesday.

Crowdstrike – Shares of the cloud computing company fell nearly 5% after BTIG lowered the stock to neutral from buy, citing increasing competition and a potential slowdown in growth.

GameStop – Stock jumped 6% after the company announced COO Jenna Owens stepped down after less than a year in the role.

Roblox – Shares of the games company were down 2.5% at midday after a three-day platform outage that began on Thursday. The online gaming site is now back online. “We are sorry for the time it took for us to restore service,” David Baszucki, founder and CEO of Roblox, said in a statement. blog post Sunday.

– CNBC’s Yun Li, Hannah Miao, Jesse Pound and Maggie Fitzgerald contributed reporting


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