Constellation Brands and JPMorgan rise while Apple falls
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday:
CalAmp Corp., up $1.28 to $11.68
The wireless communications company said software and subscription services helped push its fiscal first quarter profit above Wall Street forecasts.
Motorcar Parts of America Inc., up $2.94 to $21.41
The maker of remanufactured vehicle parts beat Wall Street’s first quarter forecasts and gave investors solid profit guidance.
Constellation Brands Inc., up $8.73 to $196.94
The maker of Modelo and Corona beer blew past fiscal first quarter financial forecasts and raised its profit forecast for the year.
Progress Software Corp., up $2.99 to $43.62
The software company raised its full-year profit forecast after blowing past beat Wall Street’s fiscal third quarter expectations.
Apple Inc., down $1.82 to $197.92
Chief Design Officer Jony Ive is departing after more than two decades at the iPhone maker.
JPMorgan Chase & Co., up $2.96 to $111.80
The Federal Reserve approved plans by the country’s 18 biggest banks to return more money to shareholders.
Citigroup Inc., up $1.88 to $70.03
The bank said would buy back $17.1 billion in stock next year and also plans to increase its dividend 13.3%.
Chevron Corp., up $1.33 to $124.44
Energy stocks were among the strongest performers on the day.