Penney and Monster rise while Celgene and Box slide
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday:
J.C. Penney Co., up 28 cents to $1.52
The department store reported weak holiday sales results and will close more stores, but the results still beat Wall Street forecasts.
HP Inc., down $4.12 to $19.73
The computer maker reported weak sales during the fourth-quarter, pushing revenue lower than analysts’ forecast.
Celgene Corp., down $7.87 to $83.12
A key Bristol-Myers shareholder came out against the $74 billion merger with the biotechnology company, saying it is too risky.
Syneos Health Inc., down $10.24 to $41.77
The Securities and Exchange Commission is investigating the biotechnology company’s accounting practices.
Monster Beverage Corp., up $5.09 to $63.83
Sales of the beverage company’s energy drinks drove profit higher in the fourth quarter, beating Wall Street forecasts.
Crocs Inc., up $2.84 to $25.68
The footwear company beat Wall Street’s fourth-quarter forecasts, but gave a weak revenue outlook for the current quarter.
Box Inc., down $4.64 to $20.24
The cloud-computing company reported weak billings growth, while its revenue and outlook fell short of forecasts.
Booking Holdings Inc., down $208.96 to $1,697.04
The travel websites operator gave investors a weak forecast citing lower room bookings in Europe.