By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Wednesday, June 30th. Please refresh for updates.
Under Armour (NYSE:UA) stock rose 1.5% as numbers from the jobs analytics database run by GlobalData showed that the retailer is hiring in large numbers, a clear indication that it expects demand to continue rising. .
Intel (NASDAQ:INTC) stock fell 0.4% after a company executive at the semiconductor company said it is delaying production of one of its newest chips to work on improving its performance.
Moderna (NASDAQ:MRNA) stock rose 2.4%, extending Tuesday’s 5% gains, after the drugmaker announced that its Covid-19 vaccine showed promise against the coronavirus' highly transmissible delta variant in a lab study.
Bed Bath & Beyond (NASDAQ:BBBY) stock fell 0.7% after the household retailer missed expectations for quarterly profit. It did, however, raise its full-year revenue outlook.
Virgin Galactic (NYSE:SPCE) stock fell 4.7% after Bank of America (NYSE:BAC) cut its recommendation on the space travel company all the way down to ‘underperform’ from ‘outperform’, saying much of the good news surrounding the company’s eventual launch of tourists into space is already in the price.
Xpeng (NYSE:XPEV) stock fell 1.8% on reports that the Chinese EV maker priced the shares for its Hong Kong listing at HK$165 ($21.23), a small discount to its U.S.-listed security.
MongoDB (NASDAQ:MDB) stock fell 5.8% after the software company announced plans to sell 2.5 million class A common shares, seeking to raise $889 million. It intends to use the proceeds for general corporate purposes.
General Mills (NYSE:GIS) stock fell 0.9% after the retailer announced a decline in sales and earnings in the fiscal fourth quarter; customers bought less food for the home as the possibility of eating out began to revive.
Constellation Brands (NYSE:STZ) stock rose 0.4% after the brewer reported a narrower loss in its fiscal first quarter compared with a year ago; sales narrowly beat expectations.