MarketAxess, Valero fall; Steel Dynamics, LGI Homes rise
Stocks that traded heavily or had substantial price changes Wednesday:
SMART Global Holdings Inc., up $8.47 to $56.02.
The computer memory technology company gave investors an encouraging profit forecast.
Steel Dynamics Inc., up $3 to $61.22.
The steel producer increased its stock buyback program by $1 billion.
MarketAxess Holdings Inc., down $21.72 to $450.08.
Investors were disappointed by the bond trading platform operator’s latest volume and transaction fee update.
LGI Homes Inc., up $6.67 to $168.74.
The homebuilder gave investors an encouraging update on home closings in June.
Valero Energy Corp., down $2.39 to $72.31.
Falling oil prices weighed down energy stocks.
Citigroup Inc., down 28 cents to $67.93.
Bond yields continued falling, crimping banks’ ability to charge more lucrative interest on loans.
Dollar General Corp., up $3.10 to $221.50.
The discount retailer said it is expanding its offering of healthcare products, including over-the-counter medicines.
Clorox Co., up $4.07 to $185.37.
The bleach and household products maker made gains as investors shifted money toward more defensive stocks.