Red Robin, Schlumberger and Lennar rise while Savara plunges
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday:
RH, up $15.02 to $109.91
The furniture and housewares company beat Wall Street’s first quarter financial forecasts and raised its profit outlook for the year.
Lululemon Athletica Inc., up $3.63 to $174.52
The athletic apparel maker’s first quarter profit and revenue beat analysts’ forecasts and it lifted its full-year profit forecast.
Oxford Industries Inc., up $5.78 to $74.58
The owner of the Tommy Bahama and other clothing lines surpassed Wall Street’s first quarter profit and revenue forecasts.
Lennar Corp., up 99 cents to $53.08
Homebuilders broadly rose as investor confidence for the housing sector remained solid amid historically low mortgage interest rates.
Savara Inc., down $7.95 to $2.62
The drug developer reported that its most important lung disease drug candidate failed to meet its main goal in a key study.
Schlumberger NV, up $1.21 to $36.79
The oil services company and its peers in the energy industry gained ground as the price of oil jumped.
Red Robin Burgers Inc., up $8.02 to $33.48
The burger chain disclosed that shareholder Vintage Capital Management made a buyout offer.
Walt Disney Co., up $6.02 to $141.74
Morgan Stanley forecasts that the media company’s direct-to-consumer business will grow faster than previously expected.