Lordstown Motors Corp Chief Executive Steve Burns poses with a prototype of the electrical conveyance start-up's Endurance pickup truck, which it volition statesman gathering successful the 2nd fractional of 2021, astatine the company's works successful Lordstown, Ohio, U.S. June 25, 2020.
Lordstown Motors | Reuters
Check retired the companies making headlines successful midday trading.
Lordstown Motors — The embattled electrical motortruck shaper dropped much than 30% aft filling for bankruptcy. Lordstown is besides suing Taiwanese shaper Foxconn implicit a $170 cardinal backing deal.
Walgreens Boots Alliance — Shares tumbled astir 9% aft the retail pharmacy concatenation lowered its full-year net guidance to $4 to $4.05 per stock from its erstwhile forecast of $4.45 to $4.65 per share. Walgreens besides reported adjusted net per stock for its fiscal 3rd 4th of $1, missing a Refinitiv forecast of $1.07.
Delta Air Lines — Shares roseate 3.3% aft the hose enactment its forecast for full-year net astatine $6 per share, astatine the precocious extremity end of the antecedently acceptable range. Delta said it has been helped by beardown request and customers opting for much costly fare classes.
American Equity Investment Life — The security firm's banal popped astir 17% pursuing a report by Bloomberg News that Canadian concern steadfast Brookfield was adjacent to making a woody to bargain American Equity Investment Life for astir $4.3 billion.
Cruise stocks — Carnival climbed 6.4%, reversing people aft tumbling Monday. The cruise enactment reported a smaller than expected nonaccomplishment for its 2nd quarter, portion besides giving beardown guidance. Royal Caribbean and Norwegian precocious 2.5% and 4.1%, respectively, aft besides taking a limb down connected Monday.
Generac — The generator banal climbed 7% aft Bloomberg News reported that Generac CEO Aaron Jadgfeld said the institution was seeing a "dramatic increase" successful request successful the Texas region.
Roblox — The gaming level popped 5.8% aft Bank of America reiterated its bargain rating, saying the banal is simply a person successful the Metaverse category.
Meta Platforms — The large exertion banal added 2% aft Citi reiterated its bargain rating. The steadfast said its peculiarly optimistic astir Reels.
Kellogg — Kellogg traded 1.9% higher connected the backmost of an upgrade to bargain from neutral by Goldman Sachs. The Wall Street steadfast said shares were mispriced fixed the maturation imaginable for investors.
Nike — The diversion retailer added 1.3% aft Oppenheimer reiterated its outperform standing up of net aboriginal this week.
Frontier Communications — Shares roseate 4.1% connected the backmost of Wolfe Research initiating sum of the banal astatine outperform. Wolfe said the institution has starring velocity and reliability.
Coterra Energy — Coterra added 2.2% connected the backmost of an upgrade from JPMorgan to overweight from neutral. JPMorgan said shares are attractively valued.
Unity Software — The gaming bundle banal jumped 11% aft Wells Fargo initiated sum of Unity with an overweight rating. Negative sentiment astir the metaverse has overshadowed the stronger aspects of Unity's business, Wells Fargo said successful a enactment to clients.
Saia — The proscription banal roseate 6.7% connected the backmost of Evercore ISI upgrade to outperform from successful line. The steadfast said hazard seems skewed to the upside.
Wingstop — Shares gained 3.1% aft Northcoast upgraded Wingstop to bargain from neutral, citing the imaginable for the maturation communicative to support it arsenic an manufacture leader.
Cars.com — Shares precocious 6% pursuing JPMorgan's initiation of the online car marketplace astatine overweight. The steadfast called the banal a harmless spot to fell successful this pugnacious macroeconomic environment.
— CNBC's Jesse Pound and Michelle Fox contributed reporting
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