DoorDash, Uber, VMware Fall Premarket; Altria, Rocket Companies Rise

  • Stock Market News
DoorDash, Uber, VMware Fall Premarket; Altria, Rocket Companies Rise

By Peter Nurse -- Stocks in focus in premarket trade on Wednesday, July 6th. Please refresh for updates.

  • DoorDash (NYSE: DASH ) stock fell 7.6% and Uber (NYSE: UBER ) stock fell 3.7% after Amazon (NASDAQ: AMZN ) took a stake in the Grubhub unit of Just Eat Takeaway, offering the prospect of severe competition.

  • Activision Blizzard (NASDAQ: ATVI ) stock fell 0.8% and Microsoft (NASDAQ: MSFT ) stock fell 0.5% after the U.K.’s competition watchdog opened an investigation into the tech giant’s acquisition of the video game publisher.

  • Voyager Digital (OTC: VYGVF ) stock fell over 9% after the crypto brokerage filed for Chapter 11 bankruptcy after suffering losses of over $650 million to the collapsed hedge fund 3 Arrows Capital.

  • Spirit Airlines (NYSE: SAVE ) stock fell 0.6% after the U.S. government reassigned 16 peak-hour runway timings at Newark Airport to the carrier from Southwest Airlines (NYSE: LUV ), down 0.7%, saying this would boost competition and help reduce costs for travelers.

  • Altria (NYSE: MO ) stock rose 2.6% after the FDA temporarily suspended its ban on Juul e-cigarette products, of which Altria has a 35% stake, enabling the products to remain on the market while the cigarette giant appeals the ban.

  • VMware (NYSE: VMW ) stock fell 1.8% after Raymond (NS: RYMD ) James downgraded its stance on the cloud computing company to ‘market perform’ from ‘outperform’.

  • Rocket Companies (NYSE: RKT ) stock rose 4.6% after Wells Fargo upgraded its stance on the mortgage lender to ‘overweight’ from ‘market perform’, seeing 20% upside despite a “tough mortgage background”.

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