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Stocks - Beyond Meat, Capital One, Under Armour Fall Premarket; Merck Rises

Investing.com - Stocks in focus in premarket trading on Tuesday:

• Beyond Meat (NASDAQ:BYND) stock declined 13.1% in premarket trade by 8:20 AM ET (12:20 GMT) after the company announced a secondary offering of 3.25 million shares just three months after it went public. The news came after the company reported a mixed second quarter but raised its full-year guidance.

• Capital One (NYSE:COF) stock fell 4.7% after reports of a data breach that allowed a hacker access to the personal information of over 100 million Americans and 6 million Canadians between March and July.

• Altria Group (NYSE:MO) stock inched down 1% after posting mixed results, with product shipment volume rising 0.4% in the second-quarter, much better than the 10.6% drop that was expected.

• Under Armour (NYSE:UAA) stock slumped 11.1% after the apparel company reported a fall in North American revenue and second-quarter results that just missed forecasts.

• Merck (NYSE:MRK) stock rose 3.3% after its earnings came in better than expected due to strong sales of its cancer immunotherapy drug Keytruda and vaccines.

• Procter & Gamble (NYSE:PG) stock jumped 4.6% after its fourth-quarter earnings came in better than expected, with $1.10 earnings per share on $17.1 billion in revenue.

• Sony (NYSE:SNE) stock gained 2% after reporting an 18.4% rise in its fiscal first-quarter operating profit, helped by a strong performance from its image sensor unit. The company still revised down its full-year guidance.

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