Sysco, Simon Property rise; Peloton, Dentsply fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday:
Microchip Technology Inc., up $3.94 to $68.25.
The chipmaker gave investors an encouraging profit and revenue forecast after reporting strong fiscal fourth-quarter financial results.
Simon Property Group Inc., up 88 cents to $119.07.
The shopping mall owner raised its quarterly dividend and authorized a $2 billion stock buyback program.
International Flavors & Fragrances Inc., up $6.01 to $125.50.
The supplier of ingredients to the food, cosmetics and consumer products industries raised its sales forecast for the year.
Trex Co., up $2.95 to $58.63.
The maker of fencing and decking products beat Wall Street’s first-quarter earnings and revenue forecasts.
Novavax Inc., up 60 cents to $53.86.
The vaccine maker reaffirmed an encouraging revenue forecast for the year.
Sysco Corp., up $4.97 to $86.05.
The food distributor beat Wall Street’s fiscal third-quarter profit and revenue forecasts.
Dentsply Sirona Inc., down $2.87 to $36.38.
The dentistry supplies manufacturer cut its profit forecast for the year after reporting disappointing first-quarter financial results.
Peloton Interactive Inc., down $1.23 to $12.90.
The exercise bike company’s fiscal third-quarter loss was much bigger than Wall Street expected.