Spotify, ABM rise; Hertz, Designer Brands fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Thursday:
T-Mobile US Inc., up $3.76 to $106.39.
The wireless carrier named a new chief financial officer and said it will complete its sale of Boost Mobile on July 1.
Spotify Technology S.A., up $25.45 to $225.28.
The digital music service signed a podcast deal with Kim Kardashian West, according to media reports.
Waters Corp., up $5.10 to $193.60.
The laboratory instrument company said CEO and president Christopher O’Connell will step down.
ABM Industries Inc., up $6.50 to $39.03.
The cleaning and maintenance services company reported surprisingly good fiscal second-quarter results.
Hertz Global Holdings Inc., down 20 cents to $1.80.
The bankrupt car rental company suspended plans to sell $500 million worth of stock because of a Securities and Exchange Commission review.
Designer Brands Inc., down 6 cents to $7.27.
The footwear and accessories retailer reported a much bigger loss than Wall Street had forecast.
Commercial Metals Co., up $1.08 to $20.51.
The manufacturer and recycler of steel and metal products reported surprisingly good fiscal third-quarter results.
Biogen Inc., down $21.16 to $260.30.
The biotechnology company reportedly faces generic competition to its multiple sclerosis drug following a patent ruling.