Macy’s, Kohl’s rise; Toyota, Red Robin fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday:
Toyota Motor Corp., down $7.18 to $168.55.
The carmaker will cut production in September because of a parts shortage.
Bath & Body Works Inc., up $6.22 to $65.51.
The bath and personal care products chain reported strong second-quarter financial results.
Inovalon Holdings Inc., up $3.10 to $40.32.
The health technology company is being bought for $7.3 billion by a group led by Nordic Capital.
Macy’s Inc., up $3.54 to $21.61.
The department store chain handily beat analysts’ second-quarter profit forecasts.
Coherus Biosciences Inc., up 39 cents to $14.53.
The biotechnology company gave investors an encouraging update on it potential lung cancer treatment.
Synopsys Inc., up $25.36 to $315.99.
The maker of software used to test and develop microchips reported strong fiscal third-quarter results.
Kohl’s Corp., up $3.78 to $55.63.
The retailer’s fiscal third-quarter profit and revenue beat analysts’ forecasts.
Red Robin Gourmet Burgers Inc., down $4.03 to $20.54.
The restaurant chain reported a surprising second-quarter loss and weak revenue.