Target and Papa John’s rise while Hertz stumbles
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday:
Target Corp., up $3.33 to $76
Strong online sales and customer traffic growth pushed Target beyond most expectations in the crucial fourth quarter.
L Brands Inc., up 12 cents to $26.93
Activist investor Barington Capital is urging the retailer to split its Bath & Body Works brand from its Victoria’s Secret brand.
Papa John’s International Inc., up $2.17 to $45.56
The floundering pizza chain’s founder is resigning from the board of directors.
Hertz Global Holdings Inc., down $1.98 to $18.01
Activist investor Carl Icahn cut his holdings in the car rental company after it reported upbeat fourth-quarter results.
Willis Towers Watson Public Ltd., up $8.99 to $182.04
The insurance company is a buyout target of rival Aon PLC, according to media reports.
Kohl’s Corp., up $4.86 to $71.33
The retailer’s fourth-quarter results beat Wall Street forecasts and it gave investors a solid outlook for the year.
Delta Air Lines, up 93 cents to $49.72
The airline reported a boost in its prime revenue measure and its CEO reaffirmed a solid overall revenue forecast.
Align Technology Inc., down $17.09 to $239.22
The dental products company will close all its Invisalign stores and expects a charge in the first quarter.