By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, June 18th. Please refresh for updates.
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Hertz (NYSE:HTZ) stock dropped 7.5% after the car rental giant suspended its plan to sell up to $500 million in shares in response to the Securities and Exchange Commission voicing concern about the deal and launched a review.
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ABM (NYSE:ABM) stock rose 9.1% after the provider of cleaning and other maintenance services for commercial buildings, hospitals and airports posted a strong second quarter as companies look to safely return to work.
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1-800 Flowers (NASDAQ:FLWS).com stock gained 12% after the online retailer raised its full-year guidance, benefiting from a strong online presence during the lockdown period.
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Carnival (NYSE:CUK) stock fell 7.6% after the cruise operator posted a quarterly net loss of $4.4 billion and forecast more pain ahead.
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Designer Brands (NYSE:DBI) stock fell 4.5% after reporting a deeper loss than expected in the first quarter as the coronavirus-inspired shutdown weighed heavily on store sales.
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Principal Financial Group (NASDAQ:PFG) stock dropped 2% after being downgraded to sell from neutral by investment banking goliath Goldman Sachs (NYSE:GS).
- Kroger (NYSE:KR) stock fell 1% despite posting first-quarter results ahead of expectations as it decided not to provide guidance due to coronavirus-related uncertainty. It has posted gains of around 13% year to date.