Morning Movers: U.S. Steel drops after VP Harris opposes sale to Nippon

Check out this morning’s top movers from around Wall Street, compiled by The Fly. 

HIGHER –

• Vaxcyte (PCVX) up 34% after posting positive topline data from a Phase 1/2 study of VAX-31, the company’s 31-valent pneumococcal conjugate vaccine PCV candidate designed to prevent invasive pneumococcal disease
• Unity (U) up 7% after Morgan Stanley upgraded the stock to Overweight from Equal Weight, saying it now views forward estimates as “derisked”
• Illumina (ILMN) up 1% after the European Court of Justice agreed with the company’s claim that the European Commission had no grounds to scrutinize its $8B acquisition of cancer screening start-up GRAIL in 2021

DOWN AFTER EARNINGS –

• Hello Group (MOMO) down 2%

LOWER –

• Boeing (BA) down 4% after Wells Fargo downgraded the stock to Underweight, saying it sees the company’s free cash flow peaking by 2027 as aircraft development costs offset further production growth
• Dyne Therapeutics (DYN) down 32% after saying Chief Medical Officer Wildon Farwell is stepping down from the role
• U.S. Steel (X) down 4% after Vice President Kamala Harris said the company should remain domestically owned and operated, opposing Nippon Steel’s (NPSCY) pending purchase