Stocks making the biggest moves premarket: Walgreens, Levi Strauss, Micron and more

by | Jun 27, 2024 | Financial

Check out the companies making headlines before the bell. Micron — Shares slipped nearly 6% after the semiconductor manufacturer posted revenue guidance of $7.6 billion for its current quarter, coming in line with analyst expectations. Micron also reported a third-quarter earnings and revenue beat. GSK — Shares of the biopharmaceutical company slid nearly 2% after the Centers for Disease Control and Prevention held off on recommending RSV vaccines for adults younger than 60. Levi Strauss — The denim maker’s stock tumbled 15.4% after revenue came in at $1.44 billion for the second fiscal quarter, slightly under the consensus forecast of $1.45 billion from analysts polled by LSEG. International Paper — The paper manufacturing company dropped 13% after Suzano decided to terminate negotiations for a potential acquisition. Suzano said it had reached the maximum price for the transaction to general value without having heard from the other party. Walgreens Boots Alliance — Shares tumbled more than 11% after the retail pharmacy company reported a third-quarter earnings miss and cut its full-year adjusted profit outlook. Walgreens also said it would close underperforming stores to cut costs. Goldman Sachs — The U.S. banking stock slipped nearly 2% after the latest round of stress test results . The Federal Reserve said that the 31 biggest banks in the U.S. could all withstand a hypothetical severe recession. AeroVironment — Shares tumbled 6% d …

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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines before the bell. Micron — Shares slipped nearly 6% after the semiconductor manufacturer posted revenue guidance of $7.6 billion for its current quarter, coming in line with analyst expectations. Micron also reported a third-quarter earnings and revenue beat. GSK — Shares of the biopharmaceutical company slid nearly 2% after the Centers for Disease Control and Prevention held off on recommending RSV vaccines for adults younger than 60. Levi Strauss — The denim maker’s stock tumbled 15.4% after revenue came in at $1.44 billion for the second fiscal quarter, slightly under the consensus forecast of $1.45 billion from analysts polled by LSEG. International Paper — The paper manufacturing company dropped 13% after Suzano decided to terminate negotiations for a potential acquisition. Suzano said it had reached the maximum price for the transaction to general value without having heard from the other party. Walgreens Boots Alliance — Shares tumbled more than 11% after the retail pharmacy company reported a third-quarter earnings miss and cut its full-year adjusted profit outlook. Walgreens also said it would close underperforming stores to cut costs. Goldman Sachs — The U.S. banking stock slipped nearly 2% after the latest round of stress test results . The Federal Reserve said that the 31 biggest banks in the U.S. could all withstand a hypothetical severe recession. AeroVironment — Shares tumbled 6% d …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
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