Walt Disney, Pilgrim’s Pride rise; Best Buy, JPMorgan fall
Aug 13, 2021, 1:27 AM | Updated: 3:09 pm
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday:
Walt Disney Co., up $1.79 to $181.08.
The owner of ABC and Walt Disney World Resort reported strong fiscal third-quarter financial results.
Pilgrim’s Pride Corp., up $4.66 to $27.34.
Majority owner JBS is proposing to buy the remainder of the poultry processor’s stock.
Best Buy Co., down $4.35 to $113.78.
A weak consumer confidence report from the University of Michigan weighed down a mix of retailers.
JPMorgan Chase & Co., down $1.81 to $159.98.
Bond yields edged lower and pulled down bank stocks, which rely on higher yields to charge more lucrative interest on loans.
Las Vegas Sands Corp., down 83 cents to $39.96.
Casinos and other companies that rely on travel continued slipping over concerns about a resurgence of COVID-19.
Pfizer Inc., up $1.24 to $48.48.
U.S. regulators authorized a COVID-19 vaccine booster shot for people with severely weakened immune systems.
Tesla Inc. down $5.08 to $717.17.
The electric vehicle maker’s CEO Elon Musk said he hopes to start producing cars at a new factory outside Berlin in October.
Discovery Inc., down 48 cents to $28.42.
The media company wants to keep control of a television network it owns in Poland that is threatened by a new media bill.
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