Stocks that traded heavily or saw significant price changes on Wednesday: Victoria’s Secret, Darling Ingredients gain; fuelcell falls
Stocks that traded heavily or had significant price changes on Wednesday:
Cal-Maine Foods Inc., down $2.05 to $36.25
The egg supplier’s second-quarter profit fell well short of Wall Street’s expectations.
Victoria’s Secret & Company, $5.92 to $54.50
Seller of lingerie and beauty products announced an accelerated stock buyback program worth $250 million.
Darling Stuff Inc., from $1.29 to $67.81.
The company said it is buying Valley Protein, which operates the rendering and used cooking oil facilities, for $1.1 billion in cash.
FuelCell Energy Inc., down 76 cents to $5.11
The power generation company reported wider-than-expected losses in its latest quarter.
Alaska Air Group Inc., down 76 cents at $52.14
The airline’s shares continued to fall as Omicron’s spread led to more flight cancellations.
Meta Platform Inc., from $3.28 to $342.94.
Communications companies, including Facebook’s parent company, were weak compared to the rest of the market.
Johnson & Johnson, $1.88 to $171.55
Health care overtook other sectors in the market.
Advanced Micro Devices Inc., down $4.89 to 148.26.
Chipmakers posted some of the biggest declines.