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Company News for Jun 23, 2020

Zacks Equity Research
  • American Airlines Group Inc.'s AAL shares plummeted 6.8% after the company announced that it will seek $3.5 billion in new financing to improve liquidity owing to coronavirus-led turmoil.
  • Shares of Tyson Foods Inc. TSN dropped 2.9% following news that China stopped importing poultry products from one of the plant of the company.
  • Shares of Virgin Galactic Holdings Inc. SPCE soared 15.9% after the company signed a deal with NASA to promote private initiatives to the International Space Station.
  • Bed Bath & Beyond Inc.'s BBBY shares gained 1.3% after the company said that it added $850 million credit facility and expects to reopen most of its stores in July.

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