Midday movers: Spirit Aerosystems, Overstock, Amazon.com and more

  • Investing.com
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Midday movers: Spirit Aerosystems, Overstock, Amazon.com and more
Credit: © Reuters.

Investing.com -- Stocks are mixed after Federal Reserve Chair Jerome Powell repeated his call that interest rates would likely rise again this year. Here are the market movers for June 22.

  • Spirit Aerosystems Holdings Inc (NYSE: SPR ) shares fell 8.6% after the Boeing supplier said it was suspending factory production at a plant in Kansas because union workers were preparing to strike this weekend. Shares of Boeing Co (NYSE: BA ) fell 2.4%.
  • Overstockcom Inc (NASDAQ: OSTK ) shares rose 17% after the online retailer won the bidding for Bed Bath & Beyond's (OTC: BBBYQ ) intellectual property assets for $21.5 million. Buybuy Baby, which is Bed Bath's baby-focused retail division, is being sold separately.
  • Amazon.com Inc (NASDAQ: AMZN ) shares rose 3% while iRobot Corporation (NASDAQ: IRBT ) shares fell 8.2% after a report that the $1.7 billion deal by Amazon to buy the the maker of Roomba vacuums was possibly facing an antitrust investigation in the EU.
  • Darden Restaurants Inc (NYSE: DRI ) shares were down 3% after the parent of Olive Garden restaurants said same-store sales for the Italian food chain fell short of expectations. Same-store sales for LongHorn Steakhouse, however, were above expectations.
  • Anheuser Busch Inbev (EBR: ABI )(NYSE: BUD ) shares rose 1.9% after Deutsche Bank upgraded the stock to Buy from Hold. The shares are down 3.7% so far this year after calls for a boycott of its Bud Light brand.

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