Biogen, Thor rise; Apple, Equitrans Midstream fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:
Apple Inc., down $1.92 to $149.84.
The technology giant is reportedly backing off a planned production increase of new iPhones because of weaker-than-expected demand.
Paychex Inc., up $4.06 to $117.38.
The payroll processor and human-resources services provider reported encouraging fiscal first-quarter financial results.
Biogen Inc., up $78.82 to $276.61.
The biotechnology company soared after its partner gave investors an encouraging update on the development of a potential Alzheimer’s treatment.
Cal-Maine Foods Inc., down 20 cents to $60.33
The egg producer’s fiscal first-quarter earnings fell short of analysts’ forecasts.
Equitrans Midstream Corp., down 22 cents to $7.59.
The natural gas pipeline company slipped after Democratic Sen. Joe Manchin abandoned his push to speed up the permitting process for energy projects.
Devon Energy Corp., up $3.88 to $60.05.
Energy stocks gained ground along with rising oil prices.
Thor Industries Inc., up $2.93 to $74.68.
The Indiana-based RV maker reported strong fiscal fourth-quarter financial results.
BTRS Holdings Inc., up $3.51 to $9.28
Private equity firm EQT is buying the business software company for about $1.7 billion.