Intel, KB Home rise; Big Lots, Urban Outfitters fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially Wednesday:
Target Corp., down $2.28 to $196.82.
The retailer said its online sales doubled over the holidays.
Ally Financial Inc., up $1.19 to $39.56.
The Detroit-based financial institution announced a $1.6 billion stock buyback program.
Bausch Health Companies Inc., up $2.33 to $25.80.
The pharmaceutical company said revenue was strong in the fourth quarter.
KB Home, up 86 cents to $35.01.
The home builder beat Wall Street’s fourth-quarter profit and revenue forecasts.
Urban Outfitters Inc., down $1.57 to $28.74.
The fashion retailer said its holiday sales were disappointing.
Big Lots Inc., down 62 cents to $48.19.
The discount store chain gave investors a weak fourth-quarter earnings forecast.
Intel Corp., up $3.71 to $56.95.
The chipmaker said Pat Gelsinger will replace Bob Swan as CEO on Feb. 15.
El Pollo Loco Holdings Inc., down $1.45 to $18.69.
The restaurant chain warned investors that the virus pandemic hurt its fourth-quarter revenue.