Peloton, Farfetch rise; Nordstrom, Advance Auto Parts fall
Aug 24, 2022, 1:46 AM | Updated: 2:02 pm
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:
Peloton Interactive Inc., up $2.28 to $13.48
The maker of exercise bikes and other gear said it will start selling its products on Amazon.
Inuit Inc.. up $16.21 to $465.77
The parent company of TurboTax reported strong results and its full-year revenue forecast topped some analysts’ expectations.
Nordstrom Inc., down $4.63 to $18.57
The department store chain cut its forecasts for the year. The retail industry is swamped with unsold inventory.
Advance Auto Parts Inc., down $19.14 to $179.91
The auto parts retailer’s latest quarterly results fell short of Wall Street’s expectations.
Petco Health & Wellness Co., down $1.39 to $14.34
The pet supplies chain’s results missed analysts’ forecasts and it cut its full-year outlook.
Brinker International Inc., down $1.50 to $28.84
The owner of Chili’s Grill and Bar and Maggiano’s Little Italy restaurants forecast full-year earnings well below what Wall Street expected.
La-Z-Boy Inc., up 85 cents to $29.18
The maker of recliners and other furniture reported earnings that came in well ahead of forecasts.
Farfetch Ltd., up $1.67 to $9.51
The online seller of luxury goods said it would buy a 47.5% stake in e-commerce company Yoox Net-a-Porter Group.
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