Stocks on the move: Gap negotiates with vendors, Royal Caribbean rises on news of potential vaccine

Yahoo Finance's Adam Shapiro breaks down stocks to watch Wednesday.

Video Transcript

ADAM SHAPIRO: Some stocks on the move as we head to the break, and one of them is the retailer Gap. Now this is a company that you know as not only Gap, but Old Navy, Athleta, Banana Republic. On Friday they had said they're got to work with their vendors to compensate them in full for the finished goods and goods and production that actually were canceled because of Coronavirus. Shares of Gap up about 30%. Today they're up over around 10%, and that stock for the last month is up almost 15%.

Then there's Royal Caribbean. Remember their bonds are trading at junk status. But here's the deal-- the stock is up about 12% today. Moody's had placed them on a ratings review for downgrade just yesterday, but this news about potential vaccine breakthrough with Moderna has especially millennials-- we've heard from TD Ameritrade regarding Royal Caribbean, why millennials like to buy that stock. RCL is trading up today because of all of that. We're going to have more Yahoo Finance On the Move after this.