Target, IBM and Anadarko slip while Bank of America climbs
NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday:
Target Corp., down $5.93 to $54.16
The retailer forecast a weak profit forecast for the quarter including the holiday season.
Bank of America Corp., up 55 cents to $26.79
Investors bid up shares in banks and other financial companies.
IBM Corp., down $1.79 to $147.10
Warren Buffett’s Berkshire Hathaway disclosed that it sold another chunk of IBM stock.
Papa John’s International Inc., down $1.36 to $57.90
The pizza chain distanced itself from negative comments it made about protests by NFL players.
Anadarko Petroleum Corp., down 43 cents to $47.62
Oil companies fell with crude prices for a second day.
Macom Technology Solutions Holdings Inc., down $6.59 to $30.02
The chipmaker’s profit and revenue came up short of Wall Street forecasts.
Nvidia Corp., down $4.20 to $209.98
Technology sector stocks, which have done far better than the rest of the market this year, fell.
Skyworks Solutions Inc., down $2.32 to $108.89
Technology companies, which have done far better than the rest of the market this year, took some of the biggest losses.