Delta Air Lines, Airbnb, Peloton: stocks that shaped the week

Delta Airlines Inc.

DAL 1.84%

Delta doesn’t let undeveloped workers fly under the radar. The airline announced on Wednesday its plan to begin charging $ 200 monthly health insurance surcharges for employees who have not received their Covid-19 vaccinations starting in November. Meanwhile, Goldman Sachs Group Inc. requires that employees and office-goers be fully vaccinated by September 7th, while all Walt Disney Co.

Florida theme park employees must have all their chances by October 22nd. Delta shares rose 1.9% on Wednesday.

Pfizer Inc.

PFE -1.65%

Pfizer and BioNTech SE made their attempt and won. The Food and Drug Administration on Monday approved the Pfizer-BioNTech Covid-19 vaccine for people aged 16 and over, the agency’s first full approval for a Covid-19 vaccine. Regulators gave the green light in an emergency last year, just like they did with Moderna Inc.

and Johnson & Johnson‘S

Vaccinations. Public health officials see FDA approval as an important step in convincing reluctant people to get the injection and encouraging employers to order it, especially given the increase in cases linked to the contagious Delta variant stand. Pfizer shares were up 2.5% on Monday.

Walmart Inc.

WMT -0.56%

Walmart delivery drivers will soon be dispatched to other companies. The big box retailer is opening its in-house delivery platform, Spark Driver, so the gig workers who deliver Walmart orders can make additional deliveries on the go. With this new white label service called Walmart GoLocal, the delivery person wouldn’t arrive in a Walmart vehicle or Walmart clothing, making it an option for other large chains as well as smaller businesses. Walmart GoLocal joins a crowded field of players looking to handle last mile deliveries, including a similar service called Shipt owned by rival Target Corp. Walmart shares lost 1% on Tuesday.

Airbnb Inc.

Airbnb has laid out the welcome mat for Afghan refugees. The housing company said Tuesday that it will offer free temporary housing around the world to 20,000 people fleeing Afghanistan during the Taliban takeover. Airbnb and its nonprofit will fund and mediate people fleeing the country and will work with resettlement agencies and non-governmental organizations to identify their needs. As of Tuesday, 165 Afghan refugees had already been housed in the United States. The Taliban’s swift takeover of power in Afghanistan sparked a desperate onslaught among residents to leave the country when Afghans flooded Kabul airport. Airbnb shares rose 10% on Tuesday. Inc.

CRM -0.47%

Salesforce is not slowing down with the spread of the delta variant. Workplace messaging platform new owner Slack Technologies Inc. reported a jump in revenue last quarter on Wednesday, thanks to continued demand for cloud services from the remote work boom of the pandemic. Salesforce is forecasting record sales for the current quarter, the first with Slack fully on board after Salesforce closed the acquisition last month. Chief Operating Officer Bret Taylor said the proliferation of the more contagious Delta variant has only fueled the adoption of digital tools in the face of rising cases and flipped plans for return to work. Salesforce stock rose 2.7% on Thursday.

PS Inc.

HPQ -0.62%

The pandemic has boosted computer demand, but HP can’t keep up. The company struggles to satisfy customers’ appetites for laptops and PCs as bottlenecks and supply chain issues hold back sales growth. “We sell everything we build,” said CEO Enrique Lores on Thursday. HP is not alone. Dell Technologies Inc.

DELL -4.53%

On Thursday there was also an increasing backlog. The ongoing global shortage of semiconductors has pushed prices up and paralyzed production in many industries, and some say the end is not yet in sight. Pat Gelsinger, chief executive of Intel Corp., expects the deficit to last through 2023. HP shares lost 0.6% on Friday.

Peloton interactive Inc.

Peloton is nearing the end of its pandemic boom. The exercise equipment maker cut the price of its original exercise bike by 20% on Thursday and is forecasting more subdued growth for the coming year. The cheapest Peloton bike sells for $ 1,495, down from $ 1,895. In a letter to investors, executives said they would try to add as many customers as possible to Peloton’s subscription workout courses, though the price cut coupled with higher shipping costs would lower short-term profits. While Peloton saw demand surge during the Covid-19 pandemic as many gyms were closed, the company faced significant delivery delays and product recalls. Peloton stocks were down 8.5% on Friday.

Write to Francesca Fontana at [email protected]

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