Midday movers: JPMorgan Chase, Virgin Galactic, Micron Technology and more

  • Investing.com
  • Stock Market News
Midday movers: JPMorgan Chase, Virgin Galactic, Micron Technology and more

Investing.com -- Stocks are mixed ahead of Friday's inflation report, which could show persistently sticky prices. Here are the market movers for June 29.

  • JPMorgan Chase & Co (NYSE: JPM )shares are up 3% after the 23 largest banks passed the Federal Reserve's latest stress tests. Analysts and investors are expecting several of the banks to announce dividend and buyback plans. Bank of America Corp (NYSE: BAC ) stock rose 2.2%, and Wells Fargo & Company (NYSE: WFC ) rose 3.1%.
  • Virgin Galactic Holdings Inc (NYSE: SPCE ) shares are down 10% after the space tourism company completed its first commercial space flight, taking three Italian Air Force on a 90-minute journey.
  • Micron Technology Inc (NASDAQ: MU ) shares fell 4.4% after the memory chip maker reported a narrower-than-expected loss in the recent quarter and said it sees margins continuing to improve.
  • Overstock Inc (NASDAQ: OSTK ) shares rose 17% after the online retailer completed its purchase of intellectual property and brand assets of Bed Bath & Beyond (OTC: BBBYQ ) for $21.5 million.
  • BlackBerry Ltd (NYSE: BB ) shares rose 7.7% after reporting a surprise profit for the quarter, with better-than-expected revenue for the maker of security software.

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