Snap, Wynn and Tronc surge while Chipotle tumbles
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday:
Snap Inc., up $6.69 to $20.75
The messaging app company reported strong user and revenue growth in the latest quarter.
Wynn Resorts Ltd., up $14.10 to $177.32
Steve Wynn resigned as the casino operator’s chairman and CEO after allegations of sexual harassment and assault.
Chipotle Mexican Grill Inc., down $32.12 to $272.21
The Mexican food chain said fewer customers came to its stores in the latest quarter.
Tronc Inc., up $3.45 to $21.55
The newspaper published agreed to sell the Los Angeles Times and San Diego Union Tribune for $500 million.
Perry Ellis International Inc., up $3.88 to $27.06
The clothing company said founder George Feldenkreis, who was ousted as chairman in September, offered to buy the rest of it.
Hain Celestial Group Inc., down $1.67 to $34.69
The organic and natural products company lowered its annual forecasts.
NRG Energy Inc., down 15 cents to $25.36
After a push from an activist investor, the power company said it will sell its renewable energy business for $1.38 billion.
Hanesbrands Inc., up 33 cents to $21.96
Retailers did better than the rest of the market as stocks advanced on Wednesday.