One of the most common questions traders have about stocks is ‘Why is it moving?’
That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a description of one sentence why the stock is moving.
Here’s the latest news and updates for Uber, Lyft, GE and Carnival.
Lyft Inc. (NASDAQ: LYFT) shares traded up 5% in Wednesday’s pre-market session after the company reported daily trading opportunities in February were 4% higher than month.
In the 8-K submission, Lyft said it would still expect the average daily ride volume in the first quarter of 2021, exceeding the average daily ride volume in the fourth quarter of 2020. Lyft also expects the first quarter to have three consecutive months of average daily ride growth.
Uber Technologies Ing (NYSE: UBER) traded higher by 3% in sympathy.
See also: How to buy Uber shares
On Tuesday, General Electric Company (NYSE: GE) has been awarded a $ 41 million DARPA project to improve the speed of nucleic acid vaccine production and distribution.
According to the press release, the project uses GE’s expertise in the synthetic method for producing industrial quantities of DNA, and GE’s DNA-based approach may be compatible with new, recently approved RNA-based COVID-19 vaccines.
GE also highlighted their involvement in a mobile platform that was intended to produce more than 1,000 ready-to-use doses in less than three days.
Shares in GE traded 1.2% higher in Wednesday’s pre-meeting session.
Look at a world after the pandemic, Carnival Corp. (NYSE: CCL) family of the brand Holland America Line announced itineraries for Australia, New Zealand, South Pacific, Far East, South America, Antarctica, Hawaii, Tahiti. Carnival says the itineraries are now officially available for the 2022 and 2023 seasons.
Shares of Carnival traded up 2.3% early Wednesday.
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