Stocks - Uber, Lululemon Rise Premarket; Boeing Falls
Investing.com
Published Jun 30, 2020 08:03AM ET
By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, June 30th. Please refresh for updates.
-
Wells Fargo (NYSE:WFC) stock fell 1.1% after the bank confirmed late Monday that it will have to cut its third-quarter dividend for the first time in more than a decade after the Federal Reserve’s annual stress test.
-
Boeing (NYSE:BA) stock fell 1.5% after Norwegian Air Shuttle canceled orders for 97 Boeing aircraft and will claim compensation from the U.S. plane-maker for the grounding of the 737 Max and for 787 engine troubles.
-
Uber (NYSE:UBER) stock rose 4.6% after making a takeover offer for rival food delivery app Postmates. The deal values Postmates at $2.6 billion, the WSJ reported, in what would be the latest in a series of moves to consolidate the food-delivery industry.
-
Lululemon (NASDAQ:LULU) stock rose 3.9% after the yogawear maker agreed to buy home exercise startup Mirror for $500 million.
-
Micron (NASDAQ:MU) stock rose 6.1% after the memory-chip maker said sales surged in the third quarter as the pandemic forces more companies to expand their cloud computing capabilities.
-
Simon Property (NYSE:SPG) stock rose 7.2%, continuing Monday’s 10% gain after resuming its dividend and announcing that most of its U.S. retail properties have reopened.
-
Royal Dutch Shell (LON:RDSa) ADR dropped 2.8% after the oil giant warned that the low price of oil could reduce the value of its assets by up to $22 billion. Rival BP (NYSE:BP) wrote down the price of its assets by $17.5 billion earlier this month.
-
Xilinx (NASDAQ:XLNX) stock rose 6.6% after the semiconductor company increased its forecasts saying the loosening of some restrictions on Chinese companies had helped its business.
- ConAgra Foods (NYSE:CAG) stock rose 1.5% after reporting strong fiscal fourth-quarter figures, benefiting from increased at-home eating as a result of the coronavirus.
Get The News You Want
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.