Stocks - Norwegian Cruise, Oracle Fall Premarket; Groupon Rises
Investing.com
Published Jun 17, 2020 08:30AM ET
By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Wednesday, June 17th. Please refresh for updates.
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Norwegian Cruise Line (NYSE:NCLH) stock dropped 7.2% as it extended the suspension of its voyages through to the start of October due to the virus outbreak. Other cruise operators Carnival (NYSE:CUK) and Royal Caribbean (NYSE:RCL) also dropped between 2.5% and 2.7%.
- Facebook (NASDAQ:FB) stock was up 0.1% after founder Mark Zuckerberg said the social network platform would allow users to opt out of seeing political ads. The move is an attempt to avoid being drawn into a highly-charged argument over free speech and disinformation ahead of the elections in November.
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Hertz Global (NYSE:HTZ) stock fell 3.6% continuing to drop after announcing earlier this week that it will sell up to $500 million in new shares. The car rental giant, which is currently in chapter 11 bankruptcy proceedings, warned in the prospectus that its shares would be eventually "worthless".
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Oracle (NYSE:ORCL) stock fell 3.3% after its fiscal fourth quarter revenue came in below forecasts as the software company’s key customers postponed spending amid the Covid-19 pandemic.
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United Airlines (NASDAQ:UAL) stock dropped 0.4% after having to sweeten its buyout offer for flight attendants, Reuters reported, as not enough of its employees signed up for the buyout.
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Gan (NASDAQ:GAN) stock dropped 3.1% after reporting its first quarter results, which included revenue of $7.7 million, compared to $9.6 million in the prior-year period.
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Groupon (NASDAQ:GRPN) stock was up 5.3% after reporting a narrower-than-expected first quarter loss and impressive sales.
- WPP (LON:WPP) (NYSE:WPP) ADRs were up 2.2% after the advertising giant was upgraded to buy by Goldman Sachs (NYSE:GS).
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