Thinking About Buying Stock In Tesla, Zoom, Nike, Bank Of America Or Airbnb?
One of the most common questions traders have about stocks is "Why Is It Moving?"
That's why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.
Here's why shares of Tesla, Zoom, Nike, Bank of America and Airbnb are moving.
Tesla (NASDAQ:TSLA) shares are trading lower. The stock will be added to the S&P 500 as of Monday's open. Fears over a new coronavirus strain spreading through the UK could also be weighing the stock down.
Zoom Video Communications (NASDAQ:ZM) shares are trading higher amid a new COVID-19 strain in the UK that has led to new lockdown measures, which have benefitted remote work stocks.
Nike (NYSE:NKE) shares are trading higher after the company reported better-than-expected Q2 EPS and sales results. The company also reported Q2 digital sales were up 84%.
Bank of America (NYSE:BAC) shares are trading higher after the Federal Reserve loosened share buyback restrictions.
Airbnb (NASDAQ:ABNB) shares are trading lower amid a new coronavirus strain in the UK which investors worry may delay the resumption of normal travel activity.
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