By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, December 22nd. Please refresh for updates.
Micron (NASDAQ:MU) stock fell 3.9% after the chipmaker forecast a much steeper-than-expected second-quarter loss and said it will lay off 10% of its workforce next year.
- CarMax (NYSE:KMX) stock slumped 12.6% following the auto retailer pausing share buybacks after reporting an 86% fall in quarterly profit, hurt by waning demand for used cars.
Airbnb (NASDAQ:ABNB) stock rose 0.5% despite the European Union’s top court ruled the accommodation provider must provide information in rental contracts to tax authorities as well as withhold tax.
Under Armour (NYSE:UAA) stock rose 0.2% after the athletic apparel retailer named Stephanie Linnartz, currently president at Marriott International (NASDAQ:MAR), up 0.2%, as its next CEO.
Tyson Foods (NYSE:TSN) stock fell 0.6% after the Wall Street Journal reported that the meat supplier plans to consolidate its corporate offices, resulting in hundreds of job losses.
- Mirati Therapeutics (NASDAQ:MRTX) stock rose 6.6% after the FDA granted the drugmaker's colorectal cancer treatment a “breakthrough therapy” designation.
- MillerKnoll (NASDAQ:MLKN) stock rose 3.2% after the furniture company reported better-than-expected quarterly results, making up for a 13% decline in orders with higher prices.