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.
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.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.