© Reuters
By Liz Moyer
Investing.com — U.S. stocks gave up their early gains as recession fears took hold. Here are the midday movers for June 24:
- Carnival Corporation (NYSE:) shares rose 11% after the cruise operator said bookings were the best since the start of the pandemic, and it projected 110% occupancy in the third quarter as travelers return to the seas.
- Zendesk Inc (NYSE:) shares jumped 28% after the software company agreed to be acquired by an investor group including Hellman & Friedman and Permira in a cash transaction that values it around $10.2 billion.
- Bausch Health Companies Inc (NYSE:) stock rose 19% after the company said activist investor John Paulson would become chair of the board and Joseph Papa would resign from the board. Papa is CEO of Bausch + Lomb Corp (NYSE:), the eye health company that recently launched an IPO.
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LendingTree Inc (NASDAQ:) shares fell 8% after the online lender cut guidance for revenue and adjusted earnings before interest, taxes, depreciation and amortization for its second quarter.
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Altria Group (NYSE:) shares rose 3% after Morgan Stanley upgraded to equal weight from underweight. The government this week ordered the tobacco company’s Juul vaping products pulled from store shelves.
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