Micron, CarMax and Tyson Foods fall premarket; MillerKnoll rises

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Micron, CarMax and Tyson Foods fall premarket; MillerKnoll rises

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Thursday, December 22nd. Please refresh for updates.

  • Micron (NASDAQ: MU ) stock fell 3.9% after the chipmaker forecast a much steeper-than-expected second-quarter loss and said it will lay off 10% of its workforce next year.

  • CarMax (NYSE: KMX ) stock slumped 12.6% following the auto retailer pausing share buybacks after reporting an 86% fall in quarterly profit, hurt by waning demand for used cars.
  • Airbnb (NASDAQ: ABNB ) stock rose 0.5% despite the European Union’s top court ruled the accommodation provider must provide information in rental contracts to tax authorities as well as withhold tax.

  • Under Armour (NYSE: UAA ) stock rose 0.2% after the athletic apparel retailer named Stephanie Linnartz, currently president at Marriott International (NASDAQ: MAR ), up 0.2%, as its next CEO.

  • Tyson Foods (NYSE: TSN ) stock fell 0.6% after the Wall Street Journal reported that the meat supplier plans to consolidate its corporate offices, resulting in hundreds of job losses.

  • Mirati Therapeutics (NASDAQ: MRTX ) stock rose 6.6% after the FDA granted the drugmaker's colorectal cancer treatment a “breakthrough therapy” designation.
  • MillerKnoll (NASDAQ: MLKN ) stock rose 3.2% after the furniture company reported better-than-expected quarterly results, making up for a 13% decline in orders with higher prices.

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