Stocks that moved heavily or traded substantially on Wednesday: Shopify, Teva rise; Western Union, Lyft fall
NEW YORK —
Stocks that moved heavily or traded substantially on Wednesday:
Lyft Inc., down $5.48 to $48.46
The ride-hailing service disappointed investors by sticking to its long-term forecast for profitability by the end of 2021.
Akamai Technologies Inc., up $1.08 to $97.45
The cloud services provider’s fourth-quarter profit and revenue beat Wall Street forecasts.
Western Union Co., down $2.11 to $26.13
The money transfer company’s profit and revenue fell short of analysts’ expectations.
Bed Bath & Beyond Inc., down $3.06 to $11.79
The retailer gave investors a disappointing sales update as fewer customers go to its stores.
Shopify Inc., up $38.50 to $531.25
The e-commerce company reported a surge in revenue that helped it blow away Wall Street’s fourth-quarter earnings forecasts.
PVH Corp., up $3.73 to $89.89
The owner of Calvin Klein and other brands reaffirmed its profit forecast for the year, despite the new coronavirus’ impact on sales.
Interpublic Group of Companies Inc., up $1.73 to $24.98
The advertising and marketing services company’s fourth-quarter profit and revenue beat Wall Street expectations.
Teva Pharmaeceuticals Industries Ltd., up $1.12 to $13.45
The generic drug company’s fourth-quarter profit and revenue beat Wall Street forecasts.