- Investors are showing some confidence in dine-in restaurant stocks as today's Moderna vaccine news outweighs short-term concerns over new COVID-19 restrictions.
- Moderna reported a 94.5% efficacy rate for its COVID-19 vaccine in a Phase 3 trial without any safety concerns.
- Notable gainers in the premarket session include Brinker International (NYSE:EAT) +3.33%, Dave & Buster's Entertainment (NASDAQ:PLAY) +10.98%, Ruth's Hospitality Group (NASDAQ:RUTH) +8.33%, Bloomin' Brands (NASDAQ:BLMN) +5.25%, Cheesecake Factory +5.55%.
- Papa John's International (NASDAQ:PZZA) and Domino's Pizza (NYSE:DPZ) are both down about 1.2% in the early session. Pandemic favorite Chipotle (NYSE:CMG) is off 0.35% and Wingstop (NASDAQ:WING) could see a drop when it starts trading.
- https://seekingalpha.com/news/3636525-vaccine-development-sends-investors-back-dine-in-restaurant-names
Monday, November 16, 2020
Vaccine development sends investors back into dine-in restaurant names
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