Tesla, Lennar fall but L Brands rises
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday:
Newell Brands Inc., down $10.99 to $30.01
The owner of Rubbermaid and other household brands slashed its estimates for the year.
Lennar Corp., down $1.86 to $55.10
Homebuilders slumped after House Republicans proposed cutting a widely used deduction for mortgage interest.
Teva Pharmaceuticals Ltd., down $2.79 to $11.23
The generic drugmaker cut its annual profit and sales estimates after a disappointing third quarter.
Intercontinental Exchange Inc., up $2.45 to $68.67
The parent of the New York Stock Exchange had a better quarter than Wall Street expected.
Symantec Corp., down $2.78 to $29.38
The security software maker expects less revenue and fewer bookings than analysts hoped.
L Brands Inc., up $3.49 to $47.10
The parent of Victoria’s Secret gave an optimistic forecast.
Tesla Inc., down $21.82 to $299.26
The electric carmaker lost $619 million in the third quarter and warned of a new production delay for the Model 3.
Time Warner Inc., down $3.69 to $94.70
The Wall Street Journal reported that the Justice Department might sue to block AT&T’s $85 billion purchase of Time Warner.