AMC Entertainment, Tesla, Micron, Under Armor and more

Pedestrians pass an AMC theater in New York.

Scott Mlyn | CNBC

Check out the companies making headlines in midday trading.

AMC entertainment — Shares plunged 14.8% after the company proposed a reverse stock split and announced a fresh $110 million capital raise to minimize its debt burden. Shares of its preferred stock rose more than 64%.

Tesla — Shares fell more than 9% during Thursday trading. Tesla was offering a $7,500 rebate on its Model 3 and Model Y vehicles delivered in the United States by the end of the year, as well as 10,000 miles of free Supercharging for those vehicles, according to its website.

Micron technology — The semiconductor stock slipped 5% after the company shared disappointing quarterly earnings and sales, which it attributed to slowing demand expected to last into 2023. Micron also announced that it will cut its workforce by 10% over the next year. Other chip stocks including Nvidia and Advanced Micro Devices fell 9% and 7%, respectively. Marvell Technology fell more than 5%.

CarMax — Shares of the auto dealership fell 6.6% after its earnings and revenue for the most recent quarter fell short of Wall Street expectations. CarMax earned 24 cents a share on sales of $6.51 billion. Analysts were expecting earnings of 70 cents a share on sales of $7.29 billion.

under armor — Shares fell more than 4% on Thursday. The athletics apparel maker announced that Stephanie Linnartz, current President of Marriott International, will join the company as CEO in 2023.

Just do – Shares fell more than 12% after TuSimple announced it would cut 25% of its workforce, which would affect about 350 employees at the self-driving truck startup.

Airline Stocks – A slew of airline stocks fell amid news of hundreds of flight cancellations on Thursday, as a massive winter storm hit Americans and United plummeted 5.5% and 4% respectively. Delta and Southwest fell at least 3%.

Tyson Foods – Tyson Foods shares fell 1.9% after The Wall Street Journal reported that the meat and poultry producer is expected to lose hundreds of employees as it consolidates its corporate offices next year.

MillerKnoll – MillerKnoll rose more than 7% after it reported earnings and sales for the second quarter of fiscal 2023 that beat expectations. The office furniture maker also said it was able to realize annual cost reductions of $30 million to $35 million, which will be realized in the third quarter and more fully in the fourth quarter.

Mirati Therapeutics — Shares rose 2.2% after the Food and Drug Administration gave the drugmaker’s colorectal cancer treatment a “breakthrough therapy” designation.

— CNBC’s Sarah Min contributed to the coverage.

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