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Midday movers: Lordstown Motors, Walgreens Boots Alliance, Delta Air and more

Investing.com -- Stocks are rising as megacaps stage a rebound despite lingering recession fears. Here are the market movers for June 27.

  • Lordstown Motors Corp (NASDAQ:RIDE) shares fell 36% after the electric truck maker filed for bankruptcy protection and said it put itself up for sale. The company is suing Taiwan-based Foxconn (TW:2354) about a $170 million cash infusion that didn't go through.
  • Walgreens Boots Alliance Inc (NASDAQ:WBA) stock fell 9% after the pharmacy retailer slashed its guidance for the year, citing declining sales of COVID vaccines and medications, and missed expectations for third-quarter earnings.
  • Delta Air Lines Inc (NYSE:DAL) shares rose 5.5% after the carrier raised its guidance for the June quarter and said full-year earnings per share could come at the high end of its previously provided range.
  • Generac Holdings Inc (NYSE:GNRC) shares rose 8.5% after the home generator maker's CEO told Bloomberg News it is seeing rising demand for its backup generators because of a heat wave in the South, especially in Texas.
  • Snowflake Inc (NYSE:SNOW) shares rose 3.6% after the cloud-based data company said it was working with Nvidia (NASDAQ:NVDA) to offer artificial intelligence capabilities to customers.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.3% 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.