By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, June 30th. Please refresh for updates.
-
Walgreens Boots (NASDAQ:WBA) stock fell 1.9% after the pharmacy chain posted a 76% fall in quarterly profit, hurt by its opioid settlement with Florida and a decrease in U.S. pharmacy sales on waning demand for COVID-19 vaccinations.
-
Constellation Brands (NYSE:STZ) stock rose 0.5% after the brewer beat quarterly estimates and offered up a upbeat full-year forecast as demand for beer remained strong.
-
RH (NYSE:RH) stock fell 9% after the furniture chain drastically cut its revenue outlook for 2022, citing a deteriorating economy and a slowdown in housing sales.
-
Xerox (NASDAQ:XRX) stock fell 1.79% after the printer maker announced the unexpected death of Chief Executive Officer John Visentin, 59, due to complications from an ongoing illness.
-
Spirit Airlines (NYSE:SAVE) stock rose 2.1% after the budget carrier deferred a shareholder vote on Frontier Group's (NASDAQ:ULCC) merger offer until next week, suggesting it had not convinced enough shareholders to back the deal, which is being contested by JetBlue Airways (NASDAQ:JBLU). JetBlue stock fell 3.7% and Frontier stock fell 0.6%.
-
Pfizer (NYSE:PFE) stock fell 0.7%, hurt by the overall weakness, with the drugmaker seeking full U.S. approval for its oral COVID-19 antiviral treatment Paxlovid, which is currently available under an emergency use authorization.
-
Nio (NYSE:NIO) ADRs fell 2.3% despite Morgan Stanley maintaining an ‘overweight’ stance on the Chinese electric car manufacturer, saying it can rebound in the second half of the year on a strong product pipeline.