Investing.com -- Stocks in focus in premarket trade on Friday, June 23rd. Please refresh for updates.
CarMax (NYSE:KMX) stock rose 6.4% after the used car retailer posted a better-than-expected adjusted profit for the first quarter, benefiting from a series of cost-cutting measures.
Starbucks (NASDAQ:SBUX) stock fell 1.8% after the announcement that more than 150 stores of the coffee chain and 3,500 workers will be on strike next week across the United States.
Virgin Galactic (NYSE:SPCE) stock fell 11% after the space travel company announced it raised $300 million through a common stock offer, and intends to raise $400 million more.
Under Armour (NYSE:UA) stock fell 2.6% after Wells Fargo downgraded its stance on the clothes retailer to ‘equal weight’ from ‘overweight’, saying the company was overexposed in North America, which could suffer slowing growth.
Deutsche Bank (ETR:DBKGn) stock fell 1.7% after a German union criticized reported plans for possible job cuts at its German retail operations, foreshadowing tough labor negotiations ahead.
C3.ai (NYSE:AI) stock fell 1.6% after Deutsche Bank said the company did not differentiate itself from other artificial intelligence names at its investor day.