Barron\'s - April 6 2020

M8 BARRON’S April 6, 2020

Thechartsrecordthenetchangeinshareprice,thehigh,lowandclosingtrades,andsharevolumeforcompanieswithnoteworthystockactivitylastweek.Inaddition,thegraphsdepictlastweek’sdailypriceactivityindetail.The

dottedlineonsomegraphsdenotesthestock’s200-daymovingaverage;lackofamovingaveragemeanstheshareshavetradedforlessthanthattimeperiod.

Charting the Market

AgraphiclookatselectedstockactivityfortheweekendedonApril3,2020 n EditedbyBillAlpert

ZOOM VIDEO COMMUNICATIONS

ZM (NASD)•128.20•-23.50

111

126

141

MTWTF

156

171

0

34

68

102

136

170

Stock Price $

0

44

A M J J A S O N D J F M

88

Volume in Millions

WallStreethustledoutini-

tialreportsonthepandemic’s

videostar,whoseshareshave

doubled. Analysts liked the

business, but balked at its

multiple of 34 times sales.

NORDIC AMERICAN TANKERS

NAT (NYSE)•3.47•-0.57

3.0

3.5

4.0

MTWTF

4.5

5.0

1

2

3

4

5

6

Stock Price $

0

34

A M J J A S O N D J F M

68

Volume in Millions

 The crude shipper and

peerslikeTeekayandScor-

pio saw their rates seesaw,

as oil futures soared above

spotprices—makingstored

cargo more valuable.

ALPHA PRO TECH

APT (AMER)•15.82•4.62

10.0

12.5

15.0

MTWTF

17.5

20.0

1.0

9.5

18.0

26.5

35.0

43.5

Stock Price $

0

65

A M J J A S O N D J F M

130

Volume in Millions

 Medical masks grew

more scarce, focusing

demand on makers like 3M

and smaller hazmat protec-

tion suppliers such as Al-

pha Pro Tech.

TESLA

TSLA(NASD)•480.01•-34.35

438

465

492

MTWTF

519

546

170

332

494

656

818

980

Stock Price $

0

107

A M J J A S O N D J F M

214

Volume in Millions

Marchquarterdeliveries

of88,400unitsjumped40%

overtheelectriccarmaker’s

year-earlier tally—despite

Covid-19 concerns. Earn-

ingscomeoutlaterinApril.

CARNIVAL

CCL (NYSE)•8.49•-5.92

6.0

8.5

11.0

MTWTF

13.5

16.0

6.0

16.5

27.0

37.5

48.0

58.5

Stock Price $

0

364

A M J J A S O N D J F M

728

Volume in Millions

Withitscruiseshipsidle–

like those of Royal Carib-

bean and Norwegian—Car-

nival raised $6.25 billion in

equity and debt with inter-

est rates as high as 11.5%.

LIVE NATION ENTERTAINMENT

LYV (NYSE)•33.57•-13.58

27.0

32.5

38.0

MTWTF

43.5

49.0

21.0

32.5

44.0

55.5

67.0

78.5

Stock Price $

0

25

A M J J A S O N D J F M

50

Volume in Millions

MorganStanleyandJef-

feries each cut their price

targetsfortheconcertpro-

moter, from the $80s to the

$40s,asCovid-19lockdowns

silence the concert biz.

LUCKIN COFFEE

LK (NASD)•5.38•-20.25

2.0

9.5

17.0

MTWTF

24.5

32.0

0.0

10.5

21.0

31.5

42.0

52.5

Stock Price $

0

195

A M J J A S O N D J F M

390

Volume in Millions

 China’s popular coffee

chainsuspendeditschiefop-

erating officer after the

board concluded that he’d

fabricated$310millionworth

of transactions last year.

AMARIN

AMRN (NASD)•4.78•-8.47

2

5

8

MTWTF

11

14

3

8

13

18

23

28

Stock Price $

0

165

A M J J A S O N D J F M

330

Volume in Millions

 A federal court invali-

dated patents on the com-

pany’s fish oil drug for

warding off heart attacks

and strokes—opening the

wayforgenericcompetition.

PELOTON INTERACTIVE

PTON (NASD)•28.75•2.77

23

25

27

MTWTF

29

31

0

8

16

24

32

40

Stock Price $

0

34

A M J J A S O N D J F M

68

Volume in Millions

Downloadsoftheat-home

exercise firm’s app soared

fivefold in March, said an

Evercore ISI analyst, as

gyms closed and the world

sheltered at home.

NEW RESIDENTIAL INVESTMENT

NRZ (NYSE)•3.33•-3.55

1.0

2.5

4.0

MTWTF

5.5

7.0

1.0

4.5

8.0

11.5

15.0

18.5

Stock Price $

0

76

A M J J A S O N D J F M

152

Volume in Millions

 The mortgage real-estate

investmenttrustcutitsdivi-

dend 90%. Credit is dry for

REITsamidfearthatretail-

ers and homeowners won’t

make mortgage payments.

TEVA PHARMACEUTICAL INDUSTRIES

TEVA(NYSE)•8.40•0.84

7

8

9

MTWTF

10

11

5.0

8.5

12.0

15.5

19.0

22.5

Stock Price $

0

89

A M J J A S O N D J F M

178

Volume in Millions

 While clinical trials of

chloroquineagainstCovid-19

are early and inconclusive,

investorsbetdemandwillbe

bigforthegenericdrug.Its

many makers include Teva.

AMC ENTERTAINMENT HOLDING

AMC (NYSE)•2.27•-1.33

1.5

2.0

2.5

MTWTF

3.0

3.5

1.0

4.5

8.0

11.5

15.0

18.5

Stock Price $

0

20

A M J J A S O N D J F M

40

Volume in Millions

Thetheaterchain’slend-

ershavehiredrestructuring

lawyers, the Wall Street

Journalreported,asAMC’s

$4.9 billion in debt hit

highly distressed levels.