Movers & Shakers: Ryanair shares rise on airline’s dividend plan, Organigram soars on investment and Tesla declines

Here are some of the biggest movers of the day:

Stock gainers:

POSCO Holdings Inc.
shares surged 15% after South Korea reintroduced a ban on short selling in a bid to level the playing field between retail and institutional investors.

Birkenstock Holding PLC
was up 0.8% as analysts weighed in with mostly bullish ratings on the stock as the lockup period after its IPO expired.

Shares in Ryanair Holdings PLC
jumped 4% after the low-cost airline said it would pay its first ever dividend following record results this summer that saw its profits surge 59%.

Lumen Technologies Inc.‘s stock
rose 11% after a Securities and Exchange Commission filing showed Chief Executive Kate Johnson scooped up nearly $1 million in stock in the wake of a historic one-day selloff for the telecommunications company.

Organigram Holdings Inc.’s stock
soared 16% after the company said it is getting a fresh C$124.6 million ($91.3 million) investment from British American Tobacco PLC, with plans to hunt for deals in the down-beaten space.

BioNTech SE’s stock
rose 5%, after the company posted a surprise profit for the third quarter and revenue that beat estimates, even as it was hit by lower COVID-19 vaccine revenue.

Bluegreen Vacations Holding Corp.’s stock
soared 106%, after Hilton Grand Vacations announced a deal to buy it for $1.5 billion in cash, or a premium of 111%.

Celldex Therapeutics shares
jumped more than 12% after the company released positive clinical trial results for its lead asset in both chronic hives and an inflammatory skin disease.

Stock decliners:

Shares in Kodiak Sciences Inc.
dipped 7% after the biotech company outlined plans to launch an additional pivotal study looking at the effectiveness of its tarcocimab tedromer drug following talks with US regulators.

Tesla Inc.,’s stock
reversed early gains to trade down 2% after CEO Elon Musk told German workers he plans to build a low-cost electric vehicle there.

Paramount Global Inc.’s stock
 fell 9% to lead S&P 500 decliners after BofA downgraded the stock to underperform from buy and said the company should consider asset sales.

Honorary mention: WeWork Inc.’s stock
was still halted for news, as it has been since before the market open. The troubled flexible workspace company did not respond to a request for comment regarding the halt. The stock was up 35.3% in the premarket before the halt

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