Stock futures are lower for a third day in a row as investors prepare for the Federal Reserve’s monetary policy meeting this week.
Here are 4 tickers trending on Yahoo Finance in pre-market trading:
Ford Motor Company (F): Auto shares are lower after Ford warned that supply chain bottlenecks would cut its third-quarter bottom line. The automaker is forecasting adjusted operating results for the third quarter to fall between $1.4 billion and $1.7 billion. Ford said it expects to have between 40,000 and 45,000 vehicles in inventory at the end of the third quarter “that are currently missing certain parts.” Ford stock has fallen over 31% this year.
Nikola Corporation (NKLA): Nikola shares are higher in premarket trading after the truckmaker’s chief executive, Mark Russell, testified that he discovered that the company’s first trucks did not have a gas-powered turbine or a fuel cell after he joined the company. Nikola founder Trevor Milton said the company had “extraordinary control”. Milton pleaded not guilty to securities and wire fraud charges two years after leaving the company. Nikola admitted no wrongdoing last year when it paid $125 million to settle claims from the Securities and Exchange Commission.
Nikola stock has fallen 53% this year.
Moderna, Inc. (MRNA): Moderna shares are lower in premarket trading after President Joe Biden said the pandemic is “delivered.” In an interview with “60 Minutes” that aired on Sunday, Biden stated that the worst part of the pandemic was behind the country. “We still have a problem with COVID,” he said. “We are still doing a lot of work on it. , but the pandemic is over.” Moderna stock has fallen 49% this year.
Beyond Meat, Inc. (BYND): Shares of Beyond Meat are trending after reports that the chief operating officer was arrested on Saturday on allegations that he bit off a man’s nose during an altercation. Doug Ramsey was arrested on charges of terroristic threats and third-degree battery, court records show. According to court records, Ramsey was released Sunday on $11,085 bond. A spokesman did not respond when asked if Ramsey is still with the company.
The arrest is the latest blow to the company, which has cut its revenue guidance for the year and plans to cut 4% of its workforce.
Dani Romero is a reporter for Yahoo Finance. Follow her on Twitter @daniromerotv
Click here for the latest stock market news and in-depth analysis, including events that move stocks
Read the latest financial and business news from Yahoo Finance
Download the Yahoo Finance app for Apple or Android
Yahoo Finance continued Twitter, Facebook, Instagram, Flip chart, LinkedInand YouTube