Stocks of out-of-home entertainment companies got a boost from biotech company Moderna’s announcement on Tuesday.
As markets reacted enthusiastically to a promising coronavirus vaccine trial, shares of concert promoter Live Nation leaped 12.2% to $52.09 on Wednesday before closing at $51.84, up 11.7%. On Tuesday, biotech company Moderna published the results of an initial study for a coronavirus vaccine called mRNA-1273. The vaccine “statementJumps in other entertainment companies’ stocks reflect how desperate investors were for good news about markets brought to a dead stop by the coronavirus. Shares of cruise companies jumped on Wednesday as well: Carnival Corporation +16.22%; Norwegian Cruise Line +20.7%; and Royal Caribbean Cruises +21.2%.
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