By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, June 25th. Please refresh for updates.
Walt Disney (NYSE:DIS) stock dropped 2.5% after the entertainment giant announced it would delay the reopening of its theme parks and resorts in California due to the rise in coronavirus cases. The Wall Street Journal also reported that it may delay the release of its potential blockbuster ‘Mulan’ film.
Carnival (NYSE:CUK) stock dropped 6.9% with the cruise line operator looking to raise $1.5 billion via a leveraged loan to shore up its business, which has been sunk by the coronavirus pandemic. This was launched just before S&P lowered Carnival's credit rating to junk. The company had raised over $3 billion through new stock and debt only last month,
KB Home (NYSE:KBH) stock slumped over 15% after its second-quarter results missed on both the top and bottom lines. This is the first time the housebuilder has disappointed expectations in more than four years.
Accenture (NYSE:ACN) stock rose 2.6% after reporting positive third-quarter earnings, helped by revenue growth in its Health & Public Service sector.
MGM Resorts (NYSE:MGM) stock fell 4.8% after the casino operator said it will require that all guests wear face masks in all of its U.S. outlets from Friday. Previously, it had only required employees to wear masks.
Moderna (NASDAQ:MRNA) stock climbed 3% after announcing a collaboration with Catalent (NYSE:CTLT) for large-scale manufacturing of Moderna’s Covid-19 vaccine candidate.
McCormick & Co. (NYSE:MKC) & Co stock rose 1.5% after the spices and condiments company reported healthy gains in its second quarter, boosted by people choosing to cook at home during these coronavirus-affected times.
- Darden Restaurants (NYSE:DRI)stock rose 1% after reporting its fiscal fourth quarter results. Although the group, which owns Olive Garden and LongHorn Steakhouse, saw same-store sales drop almost 50%, it generated positive operating cash flow for the week ending June 21.