Raytheon and Netgear rise while Tesla and Ford skid
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday:
Tesla Inc., down $36.06 to $228.82
The electric vehicle maker’s second quarter financial results fell short of forecasts and a key executive is resigning.
Ford Motor Co., down 77 cents to $9.56
The automaker’s second quarter profit plunged and the results fell short of Wall Street forecasts.
Raytheon Co., up $8.44 to $192.63
The weapons maker raised its profit forecast for the year after a surprisingly good second quarter.
Align Technology Inc., down $74.26 to $200.90
The maker of the Invisalign tooth-straightening system gave investors a surprisingly weak forecast because of soft demand in China.
PayPal Holdings Inc., down $6.18 to $115.12
The digital payments company cut its revenue forecast because of product delays.
Las Vegas Sands Corp., down $2.28 to $62.65
The casino operator’s second quarter financial results fell short of analysts’ forecasts.
Netgear Inc., up $4.89 to $33.27
The maker of computer networking gear issued a solid revenue forecast for the current quarter.
American Airlines Group Inc., down $2.92 to $31.67
The airline warned investors that it will see a hefty charge in 2019 because of the long grounding of Boeing 737 Max jets.