Vail Resorts, Progress Software is gaining momentum; Nike, Nvidia fall | Business
Stocks that traded heavily or experienced substantial price changes on Friday:
Nike Inc., down from $ 9.99 to $ 149.59.
The sportswear maker has warned investors that supply chain issues will hurt revenues.
Meredith Corp., up $ 11.41 to $ 56.30.
IAC / InteractiveCorp. is said to be in talks to buy out the owner of People and Better Homes & Gardens magazines.
Progress Software Corp., up $ 6.89 to $ 53.10.
The business software maker’s fiscal third quarter financial results beat Wall Street expectations.
Merck & Co., up 56 cents to $ 73.61.
The developer of the drug has reported encouraging results from a study on a potential treatment for prostate cancer.
Vail Resorts Inc., up $ 24.14 to $ 351.85.
The ski resort operator’s fourth quarter profits and tax revenues exceeded analysts’ expectations.
Costco Wholesale Corp., up $ 14.97 to $ 467.75.
The warehouse club operator reported encouraging third quarter earnings and revenues.
JPMorgan Chase & Co., up $ 1.86 to $ 163.04.
Banks have gained ground as bond yields have risen, allowing them to charge more lucrative interest on loans.
Nvidia Corp., down $ 4.01 to $ 220.81.
China has declared all transactions involving cryptocurrency illegal, weighing on manufacturers of processors needed to mine crypto.
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