AMC Entertainment, DraftKings and Macy’s Climb Premarket By Investing.com



By Peter Nurse 

Investing.com — Stocks in focus in premarket trade on Wednesday, September 2nd. Please refresh for updates.

  • AMC Entertainment (NYSE:) stock rose 13% after the movie theater operator said that 70% of its U.S. theaters would resume operations this weekend. The bulk of reopenings are slated for Thursday, with seven theaters expected to open in and around San Diego on Friday.

  • DraftKings (NASDAQ:DKNG) stock soared 14% after basketball legend Michael Jordan joined the betting company as a special advisor, taking an equity interest in the company as part of the deal.

  • Macy’s (NYSE:) stock rose 5.1% after the retailer reported better-than-expected quarterly sales, despite an adjusted loss, helped by strong growth in its digital sales, 

  • Visa (NYSE:) stock rose 0.5% after the global payments company said overall spending on its cards by U.S. consumers climbed in July and August even after elevated unemployment benefits expired.

  • Guess (NYSE:) stock rose 22% after easily beating expectations for its fiscal second quarter, while still posting a loss, and reinstating its quarterly dividend.

  • Brown Forman (NYSE:) stock rose 2.3% after beating expectations with its first-quarter results, despite its gross margin contracted given growth in its lower-priced brands.

  • Unilever (NYSE:) ADRs rose 1.4% after the household goods conglomerate announced plans to invest over $1 billion to drop fossil fuels from cleaning products by 2030.

  • Netflix (NASDAQ:) stock rose 0.2% after the streaming giant agreed a partnership with Russia’s National Media Group to run the U.S. group’s Russian service.

  • Shoe Carnival (NASDAQ:) stock fell 13% after the footwear and accessories retailer posted disappointing second-quarter sales, hit by delays in back-to-school shopping.

  • AT&T (NYSE:) stock fell 0.1% after Reuters reported that the telecom giant is exploring a sale of its advertising unit Xandr, potentially reversing plans to transform from a wireless carrier to a media and advertising powerhouse.

 

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