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Travel stocks climb on Pfizer (PFE) vaccine announcement

By Joseph Toppe

16:05, 8 December 2021

Passenger plane in sky
Cruise lines Carnival (CCL) and Royal Caribbean (RCL) lead gains – Photo: Unsplash

Travel stocks are up across the board on Wednesday after a joint announcement from BioNtech and Pfizer stated a three-shot course of their Covid-19 vaccine was able to neutralise the Omicron variant.

In early trading, shares of Delta Air Lines are up nearly 3.5%, American Airlines is around 3.8% higher,. Meanwhile United Airlines is surging over 5.5% in the green and Southwest Airlines is trading more than 1% better.

Stock prices in hotel chains are also rising Wednesday. Shares of Marriott International are over 1% higher and Hilton Worldwide is up by 1%.

In the cruise line industry, Carnival Corp is up above 6.9% and Royal Caribbean is over 7% in positive territory.


236.64 Price
+0.240% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.15


122.42 Price
+1.190% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.41


482.70 Price
+0.090% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.37


0.70 Price
-1.410% 1D Chg, %
Long position overnight fee -0.0253%
Short position overnight fee 0.0033%
Overnight fee time 22:00 (UTC)
Spread 0.0020

Vaccine Update

On Wednesday, both BioNtech SE and Pfizer Inc. issued a statement showing preliminary laboratory studies demonstrate that three doses of their vaccine will neutralise the Omicron variant.

In the release, Pfizer Chairman and CEO, Albert Bourla, said “ensuring as many people as possible are fully vaccinated with the first two dose series and a booster remains the best course of action to prevent the spread of Covid-19.”

Pfizer and BioNtech are both trading lower.

Read more: Third Pfizer (PFE) vaccine neutralises Omicron, study finds

Markets in this article

BioNtech SE (Extended Hours)
97.35 USD
0.59 +0.610%
BioNtech SE (Extended Hours)
97.35 USD
0.59 +0.610%
Carnival Corp (Extended Hours)
14.69 USD
0.02 +0.140%

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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