Company news from May 12, 2022

  • Moderna, Inc.’s MRNA shares fell 6.7% after the company announced its chief financial officer left just two days after joining the job.
  • Shares of Coinbase Global, Inc. COIN fell 26.4% after the company reported an adjusted loss of $1.98 per share in the first quarter of 2022, missing Zacks consensus earnings estimate of 0 $.35 per share.
  • Shares of Occidental Petroleum Corporation OXY rose 1.2% after the company reported first-quarter 2022 earnings of $2.12 per share, beating Zacks consensus estimate of $1.97 per share .
  • SWCH shares of Switch Inc. jumped 9.1% after DigitalBridge Group, Inc. DBRG offered to buy the company in an $11 billion deal.

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Occidental Petroleum Corporation (OXY): Free Stock Analysis Report

Moderna, Inc. (MRNA): Free Stock Analysis Report

Switch, Inc. (SWCH): Free Stock Analysis Report

Coinbase Global, Inc. (COIN): Free Stock Analysis Report

DigitalBridge Group, Inc. (DBRG): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Karen J. Nelson