📖 Your Q2 Earnings Guide: Discover the Stocks ProPicks AI Highlights to Jump Post-EarningsRead more

Walgreens, Lordstown fell premarket; Delta Air Lines, Snowflake rise

Published 06/27/2023, 08:03 AM
© Reuters.

Investing.com -- Stocks in focus in premarket trade on Tuesday, June 27th. Please refresh for updates.

  • Lordstown Motors (NASDAQ:RIDE) stock slumped 64% after the U.S. electric truck manufacturer filed for bankruptcy protection while simultaneously announcing legal action against Taiwanese company Foxconn (TW:2354) over its alleged failure to invest up to $170 million.

  • Walgreens Boots Alliance (NASDAQ:WBA) stock fell 7.3% after the pharmacy store chain slashed its earnings guidance due to lower consumer spending as well as a drop in COVID care demand.

  • Manchester United (NYSE:MANU) stock rose 0.7% after the English Premier League raised its forecasts for revenue and profit for the year, betting on strong commercial and matchday revenue.

  • Delta Air Lines (NYSE:DAL) stock rose 0.9% after the carrier said it expects full-year profit per share at the high-end of its prior forecast on sustained travel demand..

  • Antero Resources (NYSE:AR) stock fell 1.58% after JPMorgan downgraded its stance on the energy company to ‘neutral’ from ‘overweight’, noting the company remains nearly unhedged in 2023 onwards on natural gas and liquids.

  • Kellogg (NYSE:K) stock rose about 2.5% after Goldman Sachs upgraded the cereal breakfast foods company to ‘buy’ from ‘neutral’, noting the stock is mispriced for the growth potential it offers investors.

  • Snowflake (NYSE:SNOW) stock rose 2.8% after the cloud data analytics company announced partnership with Nvidia (NASDAQ:NVDA) to allow customers to build AI models using their own data.

  • Alphabet (NASDAQ:GOOGL) stock fell 0.8% after Bernstein downgraded the Google parent to ‘market perform’ from ‘outperform’, citing a +40% year-to-date rally, which as a result means “it’s time to move to the sidelines.”

  • Circor (NYSE:CIR) stock rose 7.3% after the industrial machinery maker said it has accepted investment firm KKR's revised offer to buy it for $1.7 billion, including debt.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.