Spirit Airlines, Microsoft fall; Tilray, Landstar rise
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:
Landstar System Inc., up $1.25 to $142.27.
The freight shipper raised its first-quarter revenue forecast.
Spirit Airlines Inc., down 64 cents to $26.28.
JetBlue Airways offered to buy its rival budget airline for about $3.6 billion, possibly scuppering Spirit’s merger with Frontier Airlines.
Smart Global Holdings Inc., up $1.07 to $24.24.
The technology company reported strong fiscal second-quarter financial results.
Gogo Inc., up $1.46 to $20.65.
The in-flight internet provider will replace SPX FLOW in the S&P SmallCap 600 prior to the opening of trading on April 8.
Tilray Brands Inc., up 22 cents to $7.25.
The cannabis company reported surprisingly good fiscal third-quarter earnings.
RPM International Inc., up $4.04 to $87.16.
The specialty chemicals company beat Wall Street’s fiscal third-quarter earnings and revenue forecasts.
Microsoft Corp., down $11.38 to $299.50.
Technology companies slipped as Wall Street prepares for higher interest rates, which tend to hurt stocks that are seen as the priciest.
Home Depot Inc., down $6.32 to $298.54.
Concerns about rising inflation weighed on retailers and other companies that rely on direct consumer spending.