Midday movers: Carnival Corp., Lucid, Pfizer and more
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Investing.com -- Stocks are mixed as investors look ahead to this week's inflation reading for May. Here are the market movers for June 26.
- Carnival Corporation (NYSE: CCL) shares were down 9.5% after the cruise operator reported a narrower-than-expected loss for the quarter and strong revenue growth, but its third-quarter outlook slightly disappointed investors. Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) shares fell 5%.
- Lucid Group Inc (NASDAQ: LCID) shares rose 8% after the electric vehicle maker struck an agreement to supply EV technology to U.K. luxury auto maker Aston Martin.
- Pfizer Inc (NYSE: PFE) shares fell 4% after the pharmaceutical giant said it would end the development of one of its obesity drugs after some patients showed signs of elevated liver enzymes in tests.
- International Business Machines (NYSE: IBM) shares were up 0.9% after the technology giant's $4.6 billion deal to acquire software maker Apptio, which is owned by private equity group Vista Equity Partners.
- Delta Air Lines Inc (NYSE: DAL) shares fell 0.3% as it kicked off an investor day. The AAA said it expects to see record-setting travel for the upcoming July 4 weekend in the U.S.
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