© Reuters
By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Thursday, December 22nd. Please refresh for updates.
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Micron (NASDAQ:) stock fell 3.9% after the chipmaker forecast a much steeper-than-expected second-quarter loss and said it will lay off 10% of its workforce next year.
- CarMax (NYSE:) stock slumped 12.6% following the auto retailer pausing share buybacks after an 86% fall in quarterly profit, hurt by waning demand for used cars.
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Airbnb (NASDAQ:) stock rose 0.5% despite the European Union’s top court ruled the accommodation provider must provide information in rental contracts to tax authorities as well as withhold tax.
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Under Armour (NYSE:) stock rose 0.2% after the athletic apparel retailer named Stephanie Linnartz, currently president at Marriott International (NASDAQ:), up 0.2%, as its next CEO.
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Tyson Foods (NYSE:) stock fell 0.6% after the Wall Street Journal reported that the meat supplier plans to consolidate its corporate offices, resulting in hundreds of job losses.
- Mirati Therapeutics (NASDAQ:) stock rose 6.6% after the FDA granted the drugmaker’s colorectal cancer treatment a “breakthrough therapy” designation.
- MillerKnoll (NASDAQ:) stock rose 3.2% after the furniture company better-than-expected quarterly results, making up for a 13% decline in orders with higher prices.
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