Lordstown Motors Corp Chief Executive Steve Burns poses with a prototype of the electric vehicle start-up’s Endurance pickup truck, which it will begin building in the second half of 2021, at the company’s plant in Lordstown, Ohio, U.S. June 25, 2020.
Lordstown Motors | Reuters
Discover the latest developments in today’s midday trading
Lordstown Motors — The troubled electric truck manufacturer experienced a decline of over 17% following its filing for bankruptcy. Lordstown is also engaging in a legal battle with Taiwanese manufacturer Foxconn over a $170 million funding deal.
Walgreens Boots Alliance — Shares of the retail pharmacy chain plummeted by 9.3% after reducing its full-year earnings projection to $4.00-$4.05 per share, down from the previous forecast of $4.45-$4.65 per share. Additionally, Walgreens reported adjusted earnings per share of $1.00 for the fiscal third quarter, falling short of the Refinitiv estimate of $1.07.
Delta Air Lines — Shares surged by 6.8% as the airline set its full-year earnings forecast at $6.00 per share, at the upper end of the previous range. Delta attributed its success to robust demand and customers opting for higher-priced fare classes.
American Equity Investment Life — The insurance company witnessed a 17.2% increase in its stock price following a Bloomberg News report indicating that Canadian investment firm Brookfield was nearing a deal to acquire American Equity Investment Life for approximately $4.3 billion.
Cruise stocks — Carnival surged by 8.8%, reversing its decline on Monday. The cruise line reported a smaller-than-expected loss for the second quarter and provided strong guidance. Royal Caribbean and NorwegianFollow Google News
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