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Walgreens Boots, RH, JetBlue Fall Premarket; Constellation Brands Rises

Stock Markets Jun 30, 2022 07:58AM ET
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© Reuters.

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Thursday, June 30th. Please refresh for updates.

  • Walgreens Boots (NASDAQ:WBA) stock fell 1.9% after the pharmacy chain posted a 76% fall in quarterly profit, hurt by its opioid settlement with Florida and a decrease in U.S. pharmacy sales on waning demand for COVID-19 vaccinations.

  • Constellation Brands (NYSE:STZ) stock rose 0.5% after the brewer beat quarterly estimates and offered up a upbeat full-year forecast as demand for beer remained strong.

  • RH (NYSE:RH) stock fell 9% after the furniture chain drastically cut its revenue outlook for 2022, citing a deteriorating economy and a slowdown in housing sales.

  • Xerox (NASDAQ:XRX) stock fell 1.79% after the printer maker announced the unexpected death of Chief Executive Officer John Visentin, 59, due to complications from an ongoing illness.

  • Spirit Airlines (NYSE:SAVE) stock rose 2.1% after the budget carrier deferred a shareholder vote on Frontier Group's (NASDAQ:ULCC) merger offer until next week, suggesting it had not convinced enough shareholders to back the deal, which is being contested by JetBlue Airways (NASDAQ:JBLU). JetBlue stock fell 3.7% and Frontier stock fell 0.6%.

  • Pfizer (NYSE:PFE) stock fell 0.7%, hurt by the overall weakness, with the drugmaker seeking full U.S. approval for its oral COVID-19 antiviral treatment Paxlovid, which is currently available under an emergency use authorization.

  • Nio (NYSE:NIO) ADRs fell 2.3% despite Morgan Stanley maintaining an ‘overweight’ stance on the Chinese electric car manufacturer, saying it can rebound in the second half of the year on a strong product pipeline.

Walgreens Boots, RH, JetBlue Fall Premarket; Constellation Brands Rises
 

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