Moderna, Goldman Sachs, Under Armour & more


Take a look at some of the biggest movers in the premarket:

Moderna (MRNA) – The biotech company announced positive interim data from a phase 1 study of its novel coronavirus vaccine candidate. Moderna said dose-dependent increases in immune responses were seen across three different dose levels, and that the treatment was generally safe and well-tolerated.

Goldman Sachs (GS) – Warren Buffett’s Berkshire Hathaway sold most of its holdings in Goldman, according to Berkshire’s quarterly 13F filing. Berkshire’s sale of Goldman shares brings its holdings down to 1.9 million shares from more than 10 million, cutting its stake to about

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Under Armour delaying payments to some of its athletes amid coronavirus


(L-R) US ski champion Lindsey Vonn, Phillies baseball player Bryce Harper, CEO Of Under Armour Patrik Frisk, champion sprinter Natasha Hastings and former record-winning US Olympian swimmer Michael Phelps stand on stage at the 2020 Under Armour Human Performance Summit on January 14, 2020 in Baltimore, Maryland.

Olivier Douliery | AFP | Getty Images

Under Armour’s cost-cutting is being felt by even its biggest athletes. After first-quarter sales plummeted 23%, the apparel maker said the company is negotiating sports marketing contracts to defer payment with some of its athletes.

“We’ve been negotiating and working with them and we’ve been able

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Under Armour CEO says some US stores that reopen will shut again


Under Armour’s CEO told CNBC on Tuesday the company will reopen but then may have to close some U.S. stores again because of the coronavirus. 

“We are going to see a gradual opening, and I think there’s going to be a few ups and downs in terms of potentially shutting down stores, reopening stores,” Chief Executive Officer Patrik Frisk told CNBC’s Sara Eisen. “It will be gradual, we believe.” 

The reopenings begin this week and will continue in phases into June, he said.

He noted that the company has had a “gradual comeback” in China, where pandemic originated, leading him

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Lyft, Under Armour, Yelp, Marriott & more


The Marriott hotel in Times Square is barricaded as much of the city is void of cars and pedestrians over fears of spreading the coronavirus on March 22, 2020 in New York City.

Spencer Platt | Getty Images

Check out the companies making headlines midday Monday:

Marriott International — Shares of the hotel operator fell more than 5% after reporting dismal quarterly earnings. Marriott reported adjusted earnings of adjusted 26 cents per share for the first quarter, well below the consensus estimate of 80 cents, according to Refinitiv. Marriott said business was improving in China, and stabilizing in the rest

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