Zoe’s and Nordstrom rise while Tesla and Nvidia skid
NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday:
Nvidia Corp., down $12.62 to $244.82
The chipmaker’s profit forecast fell short of Wall Street forecasts.
Applied Materials Inc., down $3.66 to $43.77
The chipmaking equipment company’s quarterly profit and revenue estimates were lower than analysts expected.
Tesla Inc., down $29.95 to $305.50
The Wall Street Journal said the SEC began investigating Tesla last year, while an interview with CEO Elon Musk raised concerns about his health.
Nordstrom Inc., up $6.90 to $59.18
The department store raised its annual forecasts after a strong second quarter.
Zoe’s Kitchen Inc., up $3.18 to $12.74
The restaurant chain said Cava Group agreed to buy it for $12.75 a share, or $249.9 million.
Deere & Co., up $3.24 to $140.59
The farm equipment maker reported strong sales but said freight and materials costs are still putting pressure on its business.
Pinnacle West Capital Corp., up 57 cents to $82.27
Utilities and other big dividend payers rose as bond yields turned lower Friday.
Accuray Inc., up 35 cents to $3.88
The radiation oncology company forecast stronger sales in the next year than analysts expected.