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

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

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