Vail Resorts, Progress Software is gaining momentum; Nike, Nvidia fall | Business

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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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