Barron’s - USA (2020-09-28)

M8 BARRON’S September 28, 2020

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

dottedlineonsomegraphsdenotesthestock’s200-daymovingaverage;lackofamovingaveragemeanstheshareshavetradedforlessthanthattimeperiod.

Charting the Market

AgraphiclookatselectedstockactivityfortheweekendedSeptember25,2020 n EditedbyBillAlpert

NIKOLA

NKLA(NASD)•19.46•-14.73

15

19

23

MTWTF

27

31

0

20

40

60

80

100

Stock Price $

0

177

SO N D J F M A M J J AS

354

Volume in Millions

 Founder Trevor Milton—

whosetofftherecentmania

for electric-vehicle stocks—

resigned. Regulators are

probing issues raised by

short seller Nate Anderson.

EXACT SCIENCES

EXAS (NASD)•97.70•20.23

69

77

85

MTWTF

93

101

34

49

64

79

94

109

Stock Price $

0

13

SO N D J F M A M J J AS

26

Volume in Millions

 At a Cowen conference

aboutbloodscreensforde-

tecting cancer, the colon-

cancertesterunveiledplans

for a multicancer screen,

similartoIllumina’sGalleri.

TWITTER

TWTR (NYSE)•43.84•3.69

36

39

42

MTWTF

45

48

20.0

25.5

31.0

36.5

42.0

47.5

Stock Price $

0

105

SO N D J F M A M J J AS

210

Volume in Millions

AstheTrumpadministra-

tion threatened the social-

mediaindustry,aPivotalRe-

search analyst raised his

ratingonTwitterfromHold

toaBuyonad-saleforecasts.

DEUTSCHE BANK

DB (NYSE)•8.00•-1.09

7.0

7.5

8.0

MTWTF

8.5

9.0

4.0

5.5

7.0

8.5

10.0

11.5

Stock Price $

0

36

SO N D J F M A M J J AS

72

Volume in Millions

 The big bank and many

peers were embarrassed by

leaked reports of suspicious

transactionsinanexposéby

Buzzfeed and a global team

of investigative journalists.

NOVAVAX

NVAX (NASD)•113.56•5.20

93

100

107

MTWTF

114

121

0

38

76

114

152

190

Stock Price $

0

77

SO N D J F M A M J J AS

154

Volume in Millions

 The well-funded vaccine

start-up said it will begin

Phase 3 trials of its Covid

vaccine in the U.K. An

American Phase 3 trial

could start next month.

ALBEMARLE

ALB (NYSE)•84.52•-13.44

76.0

81.5

87.0

MTWTF

92.5

98.0

45

57

69

81

93

105

Stock Price $

0

8

SO N D J F M A M J J AS

16

Volume in Millions

 Elon Musk said Tesla

planstoextractitsownlith-

ium for cheaper batteries.

Investors fled from lithium

producers like Albemarle

and Lithium Americas.

CARVANA

CVNA(NYSE)•203.26•38.48

152

174

196

MTWTF

218

240

22

66

110

154

198

242

Stock Price $

0

17

SO N D J F M A M J J AS

34

Volume in Millions

 As online sales of used

cars leapt in the pandemic,

unitsalesjumped25%inthe

June quarter and narrowed

Carvana’snegativecashflow.

RivalVroomgrewsales,too.

AURORA CANNABIS

ACB (NYSE)•5.05•-1.48

4

5

6

MTWTF

7

8

2.0

19.5

37.0

54.5

72.0

89.5

Stock Price $

0

139

SO N D J F M A M J J AS

278

Volume in Millions

 Struggling to douse its

cashburn,theCanadianpot

producertookchargesthat

lefta$2.5billionlossforthe

fiscal year ended June. Its

unsold weed is piling up.

ROKU

ROKU (NASD)•182.43•21.96

158

170

182

MTWTF

194

206

57

87

117

147

177

207

Stock Price $

0

67

SO N D J F M A M J J AS

134

Volume in Millions

 Analysts cheered the

streamingcompany’sdealto

carry content from Com-

cast’sNBCUniversal.Roku

saidthefirmswillsharead-

vertising revenue.

TESLA

TSLA(NASD)•407.34•-34.81

340

369

398

MTWTF

427

456

39

134

229

324

419

514

Stock Price $

0

534

SO N D J F M A M J J AS

1068

Volume in Millions

Teslatoldinvestorshowit

wouldhalvebatterycostsand

sourcerawmaterials,topro-

ducea$25,000car.Investors

had hoped to see the new

battery.Lithiumstockssank.

NIKE

NKE (NYSE)•124.23•9.57

110

116

122

MTWTF

128

134

55

71

87

103

119

135

Stock Price $

0

48

SO N D J F M A M J J AS

96

Volume in Millions

 Wall Street raised price

targets,asonlinesaleslifted

August-quarter earnings—

despiteflattotalrevenueat

theathletic-gearfirm.Adidas

and Puma stocks rose, too.

WESTERN DIGITAL

WDC (NASD)•38.47•1.26

35

37

39

MTWTF

41

43

25.0

34.5

44.0

53.5

63.0

72.5

Stock Price $

0

30

SO N D J F M A M J J AS

60

Volume in Millions

 The disk-drive and flash-

memoryfirmwillreorganize

to distinguish the two busi-

nesses. Analysts think a

spinoffofthestumblingSan-

Disk flash unit may follow.