Home Depot and Moderna rise while Fabrinet and Sarepta fall
Posted August 20, 2019 4:44 pm.
This article is more than 5 years old.
NEW YORK — Stocks that moved substantially or traded heavily on Tuesday:
Home Depot Inc., up $9.14 to $217.09
The home improvement retailer handily beat Wall Street’s second quarter profit forecasts as the housing market gained strength.
Baidu Inc., up $4.50 to $108.72
The Chinese internet search company reported a boost in user traffic and its second quarter profit beat Wall Street forecasts.
Elanco Animal Health Inc., down $2.55 to $27.26
The company is spending $7.6 billion in cash and stock for Bayer’s animal health business.
Sarepta Therapeutics Inc., down $18.24 to $102.07
The Food and Drug Administration declined approval for the drug developer’s newest muscular dystrophy treatment.
Moderna Inc., up 75 cents to $14.15
Regulators are putting the biotechnology company’s potential vaccine for the Zika virus under a special fast-track review process.
Medtronic PLC, up $2.73 to $106.91
The medical device maker’s results surpassed Wall Street’s fiscal first quarter financial expectations and the company raised its profit forecast for the year.
Fabrinet, down $10 to $46.46
The optical technology company gave investors a weak profit forecast for the current quarter.
Kohl’s Corp., down $3.32 to $44.88
The department store reported a sharper than expected decline in sales at established locations during the second quarter.
The Associated Press
