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CureVac, AstraZeneca Fall Premarket; Ford Rises

Stock MarketsJun 17, 2021 08:01AM ET
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© Reuters

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Thursday, June 17th. Please refresh for updates.

  • CureVac (NASDAQ:CVAC) stock slumped 46% after the drugmaker said preliminary data showed its main candidate for a Covid-19 vaccine was only 47% effective at protecting against the virus, missing its main target.

  • AstraZeneca (NASDAQ:AZN) ADR fell 0.7% after Australia’s decision to limit the company’s Covid-19 vaccine shots to those aged 60 and above.

  • Ford Motor Company (NYSE:F) stock rose 1.6% following a newspaper report that the auto giant has agreed to pay just short of $500 million to the Brazilian state of Bahia after deciding to close its plants in Brazil, to compensate for all the subsidies it received.

  • Voya Financial (NYSE:VOYA) stock fell 0.8% after Citigroup downgraded the financial services company to ‘neutral’ from ‘buy’, citing a lack of catalysts to boost the stock.

  • Boot Barn (NYSE:BOOT) stock rose 1.3% after Citigroup upgraded its stance on the retailer of western-style clothes to ‘buy’ from ‘neutral’, saying the economic recovery will boost the company’s financials.

  • Honest Company (NASDAQ:HNST) stock fell 6.2% after the consumer goods company, founded by actress Jessica Alba, reported a wider-than-expected loss in its first quarter as a public company even after reporting a 12% revenue gain.

  • Fisker (NYSE:FSR) stock rose 2% after the electric vehicle maker signed a long-term manufacturing agreement with Magna International (NYSE:MGA), up 0.1%, using Magna’s carbon-neutral facility in Austria.

  • Jack In The Box (NASDAQ:JACK) stock rose 0.8% after RBC Capital started coverage on the fast food retailer with an ‘outperform’ rating, saying it is outperforming some of its key competitors but still trading at a discount.

CureVac, AstraZeneca Fall Premarket; Ford Rises
 

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Mitchel Pioneer
Mitchel Pioneer Jun 17, 2021 8:37AM ET
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Longest losing streak for the DOW in months, yet the losses have been kept in check regardless.  A single, manufactured "rally" will eliminate the mitigated losses, and the laughingstock of the financial world will continue on its path of destruction, financially dismantling the US working class.
 
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