Stocks that moved heavily or traded substantially on Wednesday: UnitedHealth, BlackRock rise; Target, Nektar fall
NEW YORK —
Stocks that moved heavily or traded substantially on Wednesday.
UnitedHealth Group Inc., up $8.17 at $296.41.
The nation’s largest health insurer reported surprisingly good fourth-quarter profits.
Target Corp., down $8.26 at $117.
The retailer warned that a disappointing holiday shopping season forced it to cut its fourth-quarter forecast.
Nektar Therapeutics, down $4.47 at $23.49.
The biotech company abandoned development of a new painkiller after two FDA panels declined to approve it.
Bank of America Corp., down 65 cents at $34.67.
The consumer banking giant’s fourth-quarter profits dipped because of lower interest rates.
BlackRock Inc., up $11.94 at $530.26.
The investment firm handily beat Wall Street’s fourth-quarter earnings forecasts.
Integra LifeSciences Holdings Corp., down 16 cents at $58.32.
The medical device maker warned that fourth-quarter revenue will be at the low end of its forecast.
Express Inc., down 5 cents at $4.72.
The clothing retailer is cutting jobs in a bid to improve profitability.
PG&E Corp., up 83 cents at $12.75.
The utility is nearing a deal with a group of investors in its bankruptcy proceedings, according to Bloomberg.