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:CCL) 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:ZEN) 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:BHC) 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:BLCO), the eye health company that recently launched an IPO.
LendingTree Inc (NASDAQ:TREE) shares fell 8% after the online lender cut guidance for revenue and adjusted earnings before interest, taxes, depreciation and amortization for its second quarter.
Altria Group (NYSE:MO) 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.