Breaking News
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% Upgrade now

Novavax, Upstart, Micron, Allbirds Fall Premarket; Capri Rises

Stock Markets Aug 09, 2022 13:18
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters
 
GOOGL
+3.04%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
EMR
+3.59%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
MU
+4.33%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DVN
+5.72%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
TTWO
+2.85%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
IXIC
+3.34%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Tuesday, August 9th. Please refresh for updates.

  • Novavax (NASDAQ:NVAX) stock slumped 31% after the biotech halved its full-year revenue forecast as it does not expect further sales of its COVID-19 shot this year in the United States in the face of a global supply glut and soft demand.

  • Capri Holdings (NYSE:CPRI) stock rose 3.3% after the Michael Kors-owner beat quarterly revenue estimates, helped by solid demand for luxury goods from higher income consumers.

  • Upstart (NASDAQ:UPST) stock fell 13% after the lender, which uses artificial intelligence, missed both profit and revenue expectations in the second quarter.

  • Alphabet (NASDAQ:GOOGL) stock fell 0.7% after its Google search unit briefly went down in a number of countries earlier in the session.

  • Take-Two (NASDAQ:TTWO) stock fell 3.4% after the video-game company reported a surprise fiscal first-quarter loss and a softer outlook for the current quarter, even while lifting its full-year guidance.

  • Micron (NASDAQ:MU) stock fell 4% after the chipmaker said its free cash flow was expected to be negative for the fiscal first quarter and that it could see significant sequential declines in revenue and margins in the period due to a fall in shipments.

  • Allbirds (NASDAQ:BIRD) stock fell 12% after the footwear retailer cut its full-year forecasts, expecting consumer spending to be hit in the second half of the year.

  • Signet Jewelers (NYSE:SIG) stock fell 5.9% after it announced plans to buy online jewelry retailer Blue Nile for $360 million in an all-cash deal.

  • Emerson (NYSE:EMR) stock rose 0.4% after the equipment maker posted a jump in third-quarter profit benefiting from stronger performance at its automation unit.

  • Devon Energy (NYSE:DVN) stock rose 1.4% after the shale producer said it will buy Validus Energy, an Eagle Ford basin operator, for $1.8 billion in cash.

  • Palantir (NYSE:PLTR) stock fell 2.3% after Deutsche Bank downgraded its stance on the data analytics software company to ‘sell’ from ‘hold’, citing a slowdown in government contracts.

Novavax, Upstart, Micron, Allbirds Fall Premarket; Capri Rises
 

Related Articles

Add a Comment

Comment Guidelines

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.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email