Stocks making the biggest moves premarket: Lululemon, Paychex, Micron Technology and more

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Major retailers were in the red on Wednesday morning after UBS downgraded the stocks to sell from neutral.

to sell from neutral, saying it sees at least 23% downside to its price targets for each of the companies as a slowdown in consumer spending curbs the industry's earnings prospects. Shares of Urban Outfitters and Ross were down 2.3%, Burlington by 2.6% and Foot Locker was down 1.9% before the bell.— Shares of the home care and fragrances retailer fell more than 2% after a UBS downgrade, saying it expects a recessionary environment to weigh on the stock this year and next.

"— The semiconductor manufacturer added 2.6% after falling 1% Tuesday. Micron fiscal second quarter results missed analyst expectations on both the top and bottom lines, according to Refinitiv consensus estimates. Micron lost $1.91 per share, larger than the loss of 86 cents per share expected, while revenue came in at $3.69 billion vs a $3.71 billion consensus estimate.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I only like 4 quarter March for this reason new stocks alert weeeee

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves midday: Micron, Paramount, McCormick and moreCheck out the companies making headlines in midday trading Tuesday. At almost a 90k gain so far from FOMC positions, not terrible
Source: CNBC - 🏆 12. / 72 Read more »

Lululemon and Micron shares surge, UBS’s stock rallies on CEO reinstatement and other stocks on the moveAlibaba ADRs decline and Micron shares rally on Wednesday. 😂😂😂😂
Source: MarketWatch - 🏆 3. / 97 Read more »

Micron earnings: What to expect when the memory-chip company reports TuesdayMicron Technology Inc. will report fiscal second-quarter earnings after U.S. markets close on Tuesday.
Source: MarketWatch - 🏆 3. / 97 Read more »

STOCK MARKET NEWS: Alibaba split, Lyft’s new CEO, SVB hearings, Walgreen’s, Micron reportInvestors will monitor the first Silicon Valley Bank hearing, Jack Ma’s Alibaba is restructuring, Lyft gets new CEO and Walgreen’s, Micron report. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Source: FoxBusiness - 🏆 458. / 53 Read more »