Arconic and Stanley Black and Decker slide while eBay leaps
NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday:
Arconic Inc., down $3.25 to $17.09
The aluminum products company said it’s no longer considering selling itself.
eBay Inc., up $1.90 to $32.90
Activist investor Elliott Management said it bought a stake in eBay and is pushing it to consider splitting off two businesses.
Stanley Black & Decker Inc., down $21.19 to $115.69
The tool maker gave a disappointing 2019 profit forecast.
Johnson & Johnson, down $1.89 to $128.80
The health care products company forecast weaker revenue growth in 2019 than analysts expected.
Lam Research Corp., down $7.66 to $139.89
Technology companies, especially chipmakers, fell as investors worried about economic growth in China and worldwide.
Starbucks Corp., up 69 cents to $65.39
The company will expand its delivery service and intends to offer delivery from almost a quarter of its U.S. shops.
ConocoPhillips, down $2.15 to $65.75
Energy company stocks fell along with the price of oil on Tuesday.
TRI Pointe Group Inc., down 47 cents to $12.07
Homebuilders fell after the National Association of Realtors said sales of already-built homes slipped in December.