By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Thursday, September 30th. Please refresh for updates.
Virgin Galactic (NYSE:SPCE) stock rose 8.4% after the U.S. Federal Aviation Administration closed its investigation into the space tourism company’s July launch, clearing it to fly again.
Bed Bath & Beyond (NASDAQ:BBBY) stock dropped over 18% after the home goods retailer reported disappointing second-quarter results, citing supply chain challenges and elevated Covid concerns in the key markets of Florida, Texas and California.
CarMax (NYSE:KMX) stock fell 7.8% on the back of the used car retailer missing quarterly earnings estimates, with comparable pre-owned car sales rising 6.2%, less than the 7.3% expected.
Kohls (NYSE:KSS) stock fell 7.6% after Bank of America (NYSE:BAC) downgraded its investment stance on the department store chain all the way to ‘underperform’ from ‘buy’, citing persistent supply chain challenges.
Lordstown (NASDAQ:RIDE) stock rose 6.7% following a Bloomberg report that indicated Foxconn may buy the electric vehicle maker’s Ohio plant to fulfill its own ambitions of making an electric vehicle.
Perrigo (NYSE:PRGO) stock soared over 14% on the back of the drugmaker settling a tax issue with the Irish authorities, agreeing a 300 million euro ($350 million) settlement.
Starbucks (NASDAQ:SBUX) stock fell 0.5% after Atlantic Equities downgraded its stance on the coffee chain to ‘neutral’ from ‘overweight’, citing wage increases and slowing growth in China, one of its key markets.
Bed Bath & Beyond and CarMax Fall Premarket; Virgin Galactic Rises
By Reuters – Sep 30, 2021
(Reuters) -Activist investor Elliott Management has built a stake in Japanese conglomerate Toshiba (OTC:TOSYY) Corp, the Financial Times reported on Thursday, citing people with…
By Investing.com – Sep 30, 2021
Investing.com – Paychex (NASDAQ:PAYX) reported on Thursday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Paychex announced earnings…
By Bloomberg – Sep 30, 2021
(Bloomberg) — Global risk assets are likely to enjoy a far more favorable backdrop in the coming weeks, if historical patterns are a guide, after what is a customarily stormy…
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