Walgreens, Lordstown fell premarket; Delta Air Lines, Snowflake rise

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Investing.com — Stocks in focus in premarket trade on Tuesday, June 27th. Please refresh for updates.

• Lordstown Motors (NASDAQ:) stock slumped 64% after the U.S. electric truck manufacturer filed for bankruptcy protection while simultaneously announcing legal action against Taiwanese company Foxconn (TW:) over its alleged failure to invest up to $170 million.

• Walgreens Boots Alliance (NASDAQ:) stock fell 7.3% after the pharmacy store chain slashed its earnings guidance due to lower consumer spending as well as a drop in COVID care demand.

• Manchester United (NYSE:) stock rose 0.7% after the English Premier League raised its forecasts for revenue and profit for the year, betting on strong commercial and matchday revenue.

• Delta Air Lines (NYSE:) stock rose 0.9% after the carrier said it expects full-year profit per share at the high-end of its prior forecast on sustained travel demand..

• Antero Resources (NYSE:) stock fell 1.58% after JPMorgan downgraded its stance on the energy company to ‘neutral’ from ‘overweight’, noting the company remains nearly unhedged in 2023 onwards on natural gas and liquids.

• Kellogg (NYSE:) stock rose about 2.5% after Goldman Sachs upgraded the cereal breakfast foods company to ‘buy’ from ‘neutral’, noting the stock is mispriced for the growth potential it offers investors.

• Snowflake (NYSE:) stock rose 2.8% after the cloud data analytics company announced partnership with Nvidia (NASDAQ:) to allow customers to build AI models using their own data.

• Alphabet (NASDAQ:) stock fell 0.8% after Bernstein downgraded the Google parent to ‘market perform’ from ‘outperform’, citing a +40% year-to-date rally, which as a result means “it’s time to move to the sidelines.”

• Circor (NYSE:) stock rose 7.3% after the industrial machinery maker said it has accepted investment firm KKR’s revised offer to buy it for $1.7 billion, including debt.