Tesla and Southern drop while Broadcom rises
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday:
Tesla Inc., down $17.71 to $263.24
The company’s chief accounting officer resigned after a month on the job, and CEO Elon Musk appeared to smoke marijuana during an interview.
Broadcom Inc., up $16.61 to $232.58
The chipmaker reported stronger-than-expected profit for the latest quarter.
Southern Co., down $1.43 to $44.33
Stocks fell across the utility industry after a jump in bond yields drew buyers away from dividend-paying companies.
Palo Alto Networks Inc., up $7.24 to $227.61
The cybersecurity company reported results for the latest quarter that were better than Wall Street forecast.
Five Below Inc., up $15.38 to $130.89
The discount retailer’s profit for the latest quarter beat analysts’ expectations, and it raised its profit forecast for the fiscal year.
Michaels Cos., up 66 cents to $16.69
The arts-and-crafts retailer’s board of directors authorized a program to buy back up to $500 million of its stock.
Finisar Corp., up $1.40 to $20.15
The technology company reported stronger-than-expected earnings and revenue for the latest quarter.
Quanex Building Products Corp., up $3.10 to $19.45
The company’s earnings for the latest quarter came in better than Wall Street was expecting.