Tesla, Hess rise; Incyte, Landec fall
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday:
Tesla Inc., up $12.75 to $443.01.
The electric vehicle maker reported a 50% rise in deliveries for 2019.
Incyte Corp., down $8.07 to $77.90.
The drug developer said an experimental graft-versus-host disease drug failed to meet treatment goals in a key study.
Conagra Brands Inc., down 29 cents to $33.34.
The food company completed the sale of its Lender’s Bagel business to Grupo Bimbo’s Bimbo Bakeries USA unit.
Lamb Weston Holdings Inc., up $9.47 to $93.56.
The frozen foods supplier’s fiscal second-quarter earnings and revenue beat Wall Street forecasts.
Landec Corp., down $1.14 to $10.03.
The health and wellness products company reported a bigger fiscal second-quarter loss than Wall Street anticipated.
JPMorgan Chase & Co., down $1.85 to $138.34.
Banks suffered as bond yields fell, hurting their ability to charge more lucrative interest rates on loans.
CME Group Inc., up $2.70 to $204.55.
The financial markets company reported a sharp increase in contract volume for 2019.
Hess Corp., up $2.12 to $69.84
Energy companies made gains as oil prices surged over concerns that a U.S.-Iran conflict could disrupt global supplies.