Investing.com -- Stocks in focus in premarket trade on Friday, June 23rd. Please refresh for updates.
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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.
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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.
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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.
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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.
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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.
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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.