Zoom, Peloton, Netflix stocks among stay-home names declining after upbeat Moderna vaccine announcement

By Emily Bary

Shares of stocks that benefitted from stay-at-home trends are falling again Monday after Moderna Inc. put out a news release saying that its COVID-19 vaccine candidate was found to be 94.5% effective in a Phase 3 trial.

See more: Moderna shares soar premarket after COVID-19 vaccine candidate achieves 94.5% efficacy in Phase 3 trial

Among the biggest decliners in Monday’s premarket trading are Zoom Video Communications Inc. /zigman2/quotes/211319643/composite ZM +0.79% , off 6%, and Peloton Interactive Inc. /zigman2/quotes/208035743/composite PTON -0.22% , off 4%. Both companies have been strong beneficiaries as people spent more time at home, with Zoom enjoying booming usage of its video-conferencing software and Peloton reporting surging sales of its connected exercise equipment, to the point where the company is having trouble meeting demand .

Other names declining in premarket trading Monday include DocuSign Inc. /zigman2/quotes/205992027/composite DOCU -1.64% , which lets businesses and individuals collect remote signatures on legal documents, as well as Fiverr International Ltd. /zigman2/quotes/212683127/composite FVRR +1.85% and Upwork Inc. /zigman2/quotes/200102859/composite UPWK -1.63% , both of which provide platforms for those seeking freelance work. DocuSign and Upwork shares are each down 2.3%, while Fiverr’s U.S.-listed shares are off 6%.

Social-media names that saw success over the past few months are also down, including Snap Inc. /zigman2/quotes/205087158/composite SNAP +0.70% , off 2.2%, and Pinterest Inc. /zigman2/quotes/211319641/composite PINS +1.02% , off 3.9%. Snap positioned its Snapchat service as a place where friends could still connect despite distancing restrictions in the real world, and Pinterest offered inspiration for home improvement and other projects that people could do while confined to their houses.

Shares of streaming media plays Netflix Inc. /zigman2/quotes/202353025/composite NFLX -1.13% and Roku Inc. /zigman2/quotes/205087179/composite ROKU -3.29% are off 1.5% and 2.1%, respectively.

Moderna’s /zigman2/quotes/205619834/composite MRNA -0.24% announcement is the latest piece of upbeat news on the COVID-19 vaccine front, after Pfizer Inc. and BioNTech SE disclosed last week that their own COVID-19 vaccine candidate had an efficacy rate of 90% in its Phase 3 clinical trial . The stay-at-home stocks came under pressure after the Pfizer and BioNTech announcement as well .

While stay-home names are taking a hit after the Moderna announcement, the news is giving a boost to other sectors, including retailers like Nordstrom Inc. /zigman2/quotes/203902116/composite JWN -0.84% and Macy’s Inc. /zigman2/quotes/201854387/composite M +0.28% , as well as cruise stocks Royal Caribbean Group /zigman2/quotes/208854639/composite RCL -3.27% and Carnival Corp. /zigman2/quotes/202325446/composite CCL -2.77% and theater names like AMC Entertainment Holdings Inc. /zigman2/quotes/200235402/composite AMC -1.04% and Cinemark Holdings Inc. /zigman2/quotes/200040530/composite CNK -0.73%

/zigman2/quotes/211319643/composite

Add to watchlist ZM

Zoom Video Communications Inc.

US : U.S.: Nasdaq

$ 68.85

+0.54 +0.79%

Volume: 2.50M

Sept. 22, 2023 4:00p

P/E Ratio

152.80

Dividend Yield

N/A

Market Cap

$20.49 billion

Rev. per Employee

$526,137

/zigman2/quotes/208035743/composite

Add to watchlist PTON

Peloton Interactive Inc.

US : U.S.: Nasdaq

$ 4.46

-0.01 -0.22%

Volume: 10.51M

Sept. 22, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.59 billion

Rev. per Employee

$447,173

/zigman2/quotes/205992027/composite

Add to watchlist DOCU

DocuSign Inc.

US : U.S.: Nasdaq

$ 41.50

-0.69 -1.64%

Volume: 2.67M

Sept. 22, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$8.43 billion

Rev. per Employee

$361,793

/zigman2/quotes/212683127/composite

Add to watchlist FVRR

Fiverr International Ltd.

US : U.S.: NYSE

$ 24.25

+0.44 +1.85%

Volume: 783,839

Sept. 22, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$930.69 million

Rev. per Employee

$464,157

/zigman2/quotes/200102859/composite

Add to watchlist UPWK

Upwork Inc.

US : U.S.: Nasdaq

$ 11.44

-0.19 -1.63%

Volume: 2.15M

Sept. 22, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.54 billion

Rev. per Employee

$764,179

/zigman2/quotes/205087158/composite

Add to watchlist SNAP

Snap Inc.

US : U.S.: NYSE

$ 8.69

+0.06 +0.70%

Volume: 11.43M

Sept. 22, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$14.10 billion

Rev. per Employee

$848,050

/zigman2/quotes/211319641/composite

Add to watchlist PINS

Pinterest Inc.

US : U.S.: NYSE

$ 26.72

+0.27 +1.02%

Volume: 9.92M

Sept. 22, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$17.90 billion

Rev. per Employee

$720,433

/zigman2/quotes/202353025/composite

Add to watchlist NFLX

Netflix Inc.

US : U.S.: Nasdaq

$ 379.81

-4.34 -1.13%

Volume: 3.70M

Sept. 22, 2023 4:00p

P/E Ratio

40.38

Dividend Yield

N/A

Market Cap

$168.31 billion

Rev. per Employee

$2.51M

/zigman2/quotes/205087179/composite

Add to watchlist ROKU

Roku Inc. Cl A

US : U.S.: Nasdaq

$ 69.27

-2.36 -3.29%

Volume: 5.89M

Sept. 22, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$9.80 billion

Rev. per Employee

$893,501

/zigman2/quotes/205619834/composite

Add to watchlist MRNA

Moderna Inc.

US : U.S.: Nasdaq

$ 99.99

-0.24 -0.24%

Volume: 2.28M

Sept. 22, 2023 4:00p

P/E Ratio

36.74

Dividend Yield

N/A

Market Cap

$38.06 billion

Rev. per Employee

$2.71M

/zigman2/quotes/203902116/composite

Add to watchlist JWN

Nordstrom Inc.

US : U.S.: NYSE

$ 14.13

-0.12 -0.84%

Volume: 3.20M

Sept. 22, 2023 4:00p

P/E Ratio

80.47

Dividend Yield

5.38%

Market Cap

$2.28 billion

Rev. per Employee

$246,967

/zigman2/quotes/201854387/composite

Add to watchlist M

Macy's Inc.

US : U.S.: NYSE

$ 10.87

+0.03 +0.28%

Volume: 11.59M

Sept. 22, 2023 4:00p

P/E Ratio

4.04

Dividend Yield

6.09%

Market Cap

$2.97 billion

Rev. per Employee

$258,169

/zigman2/quotes/208854639/composite

Add to watchlist RCL

Royal Caribbean Group

US : U.S.: NYSE

$ 91.24

-3.08 -3.27%

Volume: 3.59M

Sept. 22, 2023 4:02p

P/E Ratio

N/A

Dividend Yield

0.00%

Market Cap

$23.37 billion

Rev. per Employee

$117,124

/zigman2/quotes/202325446/composite

Add to watchlist CCL

Carnival Corp.

US : U.S.: NYSE

$ 14.05

-0.40 -2.77%

Volume: 21.30M

Sept. 22, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

0.00%

Market Cap

$17.63 billion

Rev. per Employee

N/A

/zigman2/quotes/200235402/composite

Add to watchlist AMC

AMC Entertainment Holdings Inc. Cl A

US : U.S.: NYSE

$ 7.62

-0.08 -1.04%

Volume: 13.92M

Sept. 22, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

0.00%

Market Cap

$1.51 billion

Rev. per Employee

$126,479

/zigman2/quotes/200040530/composite

Add to watchlist CNK

Cinemark Holdings Inc.

US : U.S.: NYSE

$ 17.64

-0.13 -0.73%

Volume: 2.98M

Sept. 22, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

0.00%

Market Cap

$2.15 billion

Rev. per Employee

$154,867