Shares that traded closely or had substantial worth adjustments Wednesday: Oracle, La-Z-Boy fall; Common Motors, Rambus rise
NEW YORK — Shares that traded closely or had substantial worth adjustments Wednesday:
Oracle Corp., down $4.56 to $77.08.
Buyers had been disenchanted by the software program maker’s first-quarter revenue forecast.
La-Z-Boy Inc., down $4.94 to $37.34.
The furnishings firm warned traders that offer chain issues and better supplies costs may damage revenue margins.
Common Motors Co., up 95 cents to $61.76.
The auto maker will increase its spending on electrical and autonomous autos and add two U.S. battery factories.
Carnival Corp., up 67 cents to $29.28.
The cruise operator’s Cunard line gave traders an encouraging replace on its plan to renew operations.
Elanco Animal Well being Inc., up $1.17 to $35.98.
Rambus Inc., up $1.67 to $21.94.
The reminiscence chip designer is shopping for again $100 million of its inventory and buying digital know-how firm PLDA.
Magnachip Semiconductor Corp., down $1.58 to 24.07.
The chip merchandise maker acquired an order from the U.S. authorities to halt its sale to Clever Highway Capital, pending a evaluation.
Regeneron Prescription drugs Inc., down $3.91 to $523.58.
The biotechnology firm slipped, regardless of encouraging outcomes from a examine of its COVID-19 remedy.