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Micron, CarMax and Tyson Foods fall premarket; MillerKnoll rises

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Thursday, December 22nd. Please refresh for updates.

  • Micron (NASDAQ:MU) 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:KMX) stock slumped 12.6% following the auto retailer pausing share buybacks after reporting an 86% fall in quarterly profit, hurt by waning demand for used cars.

  • Airbnb (NASDAQ:ABNB) 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.

  • Under Armour (NYSE:UAA) stock rose 0.2% after the athletic apparel retailer named Stephanie Linnartz, currently president at Marriott International (NASDAQ:MAR), up 0.2%, as its next CEO.

  • Tyson Foods (NYSE:TSN) 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:MRTX) stock rose 6.6% after the FDA granted the drugmaker's colorectal cancer treatment a “breakthrough therapy” designation.
  • MillerKnoll (NASDAQ:MLKN) stock rose 3.2% after the furniture company reported better-than-expected quarterly results, making up for a 13% decline in orders with higher prices.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.