By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, June 30th. Please refresh for updates.
Walgreens Boots (NASDAQ: WBA ) stock fell 1.9% after the pharmacy chain posted a 76% fall in quarterly profit, hurt by its opioid settlement with Florida and a decrease in U.S. pharmacy sales on waning demand for COVID-19 vaccinations.
RH (NYSE: RH ) stock fell 9% after the furniture chain drastically cut its revenue outlook for 2022, citing a deteriorating economy and a slowdown in housing sales.
Xerox (NASDAQ: XRX ) stock fell 1.79% after the printer maker announced the unexpected death of Chief Executive Officer John Visentin, 59, due to complications from an ongoing illness.
Spirit Airlines (NYSE: SAVE ) stock rose 2.1% after the budget carrier deferred a shareholder vote on Frontier Group's (NASDAQ: ULCC ) merger offer until next week, suggesting it had not convinced enough shareholders to back the deal, which is being contested by JetBlue Airways (NASDAQ: JBLU ). JetBlue stock fell 3.7% and Frontier stock fell 0.6%.
Pfizer (NYSE: PFE ) stock fell 0.7%, hurt by the overall weakness, with the drugmaker seeking full U.S. approval for its oral COVID-19 antiviral treatment Paxlovid, which is currently available under an emergency use authorization.
Nio (NYSE: NIO ) ADRs fell 2.3% despite Morgan Stanley maintaining an ‘overweight’ stance on the Chinese electric car manufacturer, saying it can rebound in the second half of the year on a strong product pipeline.
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