Snap and Hostess skid while Match and CVS jump
NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday:
Match Group Inc., up $6.72 to $45.60
The online dating company's results were better than investors expected.
Snap Inc., down 89 cents to $12.23
The online video chat company said it lost daily users in the second quarter.
Avis Budget Group Inc., down $5.88 to $32.85
The rental car company lowered its revenue forecast after a weak second quarter.
Twinkie Maker’s Push into ‘upscale’ Snacks Fuels Rally
By Nick Turner
Hostess Brands Inc., known for convenience-store fare like Twinkies and Ding Dongs, is making a successful foray into more upscale treats.
The company posted surprisingly strong earnings on Thursday, along with an upbeat forecast, sending the shares on their biggest rally ever. The snack maker credited the rollout of the Hostess Bakery Petites line, which has no artificial flavors or high-fructose corn syrup, for boosting the growth.