SPCE - Hot Stocks: Earnings from BBBY GIS POWW; SPCE downgrade; COVID cancellations from ALT ANGN
Nikolay Pandev/E+ via Getty Images A couple of household names anchored the earnings releases on Wednesday morning. Home products retailer Bed Bath & Beyond (BBBY) and packaged foods maker General Mills (GIS) announced their quarterly results. AMMO, Inc. (POWW) also issued its financial figures, sparking a notable pre-market rally in its shares. Virgin Galactic (SPCE) has given back some of last week's gains in recent days. The slide continued during Wednesday's pre-market following the release of negative analyst comments. In other news, Vertex Energy (VTNR) jumped in pre-market on an asset sale. Meanwhile, Altimmune (ALT) and Angion (ANGN) dropped significantly before the bell after they both scrapped their COVID programs. Bed Bath & Beyond had a bumpy morning following the release of its quarterly report. BBBY initially jumped more than 8% in pre-market action, but quickly gave up those gains. The stock eventually settled on a modest decline. BBBY missed
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Hot Stocks: Earnings from BBBY, GIS, POWW; SPCE downgrade; COVID cancellations from ALT, ANGN