Netflix and Fossil jump while Groupon and Ventas stumble
NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday:
Chipotle Mexican Grill Inc., up $38.58 to $289.91
The Mexican food chain named the CEO of Taco Bell as its next CEO.
Netflix Inc., up $7.73 to $266
The streaming video company signed a deal with writer and producer Ryan Murphy to produce new series and films.
Fossil Group Inc., up $7.38 to $16.97
After years of declines, the watchmaker had a stronger fourth quarter than analysts expected.
Acco Brands Inc., up $1.80 to $12.95
The office supply company had a solid fourth quarter and said it will start paying a quarterly dividend of 6 cents.
Infinity Property and Casualty Corp., up $19 to $115.05
The auto insurer agreed to be bought by Kemper for $1.41 billion, or $129 a share.
Groupon Inc., down 49 cents to $4.71
Investors were disappointed with the online deals service’s forecasts for 2018.
Baidu Inc., up $10.29 to $235.89
The Chinese e-commerce company posted a bigger profit and more revenue than analysts expected.
Ventas Inc., down $1.10 to $49.62
Bond yields spiked Wednesday, and investors sold high-dividend stocks including real estate investment trusts.