Home Depot, Kohl’s slip while Medicines, ServiceNow advance
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday:
Home Depot Inc., down $12.99 to $225.86
The home improvement company cut its revenue forecast for the year after missing a key sales measure during the third quarter.
Kohl’s Corp., down $11.38 to $47.02
The department store operator cut its profit forecast for the year after reporting disappointing third-quarter earnings.
ServiceNow Inc., up $11.43 to $277.74
The cloud computing company will replace Celgene in the S&P 500 prior to the open of trading on Thursday.
Alliance Data Systems Corp., down $1.26 to $103.54
The manager of loyalty and rewards programs for retailers named a new CEO.
The Medicines Co., up $11.56 to $70.21
The drug developer is potentially a buyout target for pharmaceutical giant Novartis, according to Bloomberg News.
The TJX Cos., up $1.09 to $60.64
The parent of T.J. Maxx and Marshalls raised its profit forecast for the year after reporting encouraging third-quarter earnings.
Ashland Global Holdings Inc., down $2.81 to $75.84
The chemical company’s fiscal fourth-quarter profit and revenue fell short of Wall Street forecasts.
Occidental Petroleum Corp., down $1.16 to $38.14
Falling oil prices weighed on the oil and gas company and the broader energy sector.