By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Friday, June 19th. Please refresh for updates.
AMC Entertainment (NYSE:AMC) stock climbed 9.8% after the movie theater owner revealed plans to open in 450 of its 600 theaters by the middle of July, with all open before Disney’s ‘Mulan’ is released on July 24.
Marathon Petroleum (NYSE:MPC) stock rose 9.8% after the Wall Street Journal reported that the oil company had restarted discussions with potential buyers of its Speedway gas station unit, reviving a sale that fell apart in the early stages of the coronavirus crisis.
Cinemark (NYSE:CNK) stock gained 2.9% with the company reopening some of its cinemas Friday, with all to be open by mid-July.
JetBlue Airways (NASDAQ:JBLU) stock rose 2.2% after the airline announced 30 new routes starting this summer, mainly for leisure customers, to leverage the nascent recovery.
Two Harbors (NYSE:TWO) Investments stock rose 7.7% after the mortgage REIT nearly tripled its second-quarter dividend.
Smith & Wesson (NASDAQ:SWBI) stock fell 2.6% after the gun maker's results were hurt by the coronavirus limiting the sales of outdoor equipment.
American Software (NASDAQ:AMSWA) stock dropped 5.8% after missing expectations with its fourth-quarter results. This stock has gained around 30% since the start of the year, and could be due some consolidation.
Slack Technologies (NYSE:WORK) stock fell 2.8% after being downgraded to sell from neutral by Goldman Sachs (NYSE:GS), with the investment bank citing an “enduring battle with Microsoft (NASDAQ:MSFT) Teams”.