The Dow fell more than 1,800 points today amid fears a second wave of the coronavirus (COVID-19) popping up around the United States. Three stocks were able to edge higher during the plunge.
Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter.
Zoom Video Communications Inc ZM has consistently been in the headlines during the COIVD-19 pandemic. The stock has moved higher by more than 250% in the last six months.
Many Investors started to pile into the stock during the initial COVID-19 outbreak and they're starting to get excited again. On June 2, Zoom Video reported a two-fold beat in earnings. Since the earnings print, Zoom is up another 8%.
GrubHub Inc GRUB has caught the attention of investors after Uber Technologies Inc UBER reported they were looking to acquire the food delivery company. Today, shares ticked up 4.6% after Just Eat Takeaway announced it will buy the company in an all-stock deal.
Grubhub submitted a form to the SEC detailing how the merger will take place. The form says, "This is a logical combination – further solidifying our leadership position in North America while expanding Just Eat Takeaway.com's global reach."
Kroger Co KR has been a favorite stock for investors during the pandemic. As the market moved down 5% today, Kroger shares held their own, moving up 0.4%. The stock has shown its resilience consistently gaining 17% over the last six months.
As investors prepare for earnings next week, Kroger has met or exceeded expectations three out of the past four quarters.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
