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Carvana, Constellation Brands rise; Omnicom, ASML Holding fall, Wednesday, 7/19/2023
By AP News - Jul 19, 2023, 12:18 PM ET
Last Updated - Jul 19, 2023, 12:18 PM EDT
Stocks that are trading heavily or have substantial price changes on Wednesday:
Stocks that are trading heavily or have substantial price changes on Wednesday:
Carvana Co. (CVNA), up $12.12 to $51.92.
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The used car retailer announced a comprehensive debt restructuring deal.
The semiconductor equipment supplier warned of caution from chipmakers and a delayed recovery.
Omnicom Group Inc. (OMC), down $10.76 to $87.16.
The advertising company reported weak second-quarter revenue and warned of economic uncertainty.
Constellation Brands Inc. (STZ), up $10.84 to $265.17.
The wine, liquor and beer company announced new board members and an information sharing deal with Elliott Investment Management.
M&T Bank Corp. (MTB), up $4.22 to $138.98.
The bank's second-quarter earnings and revenue beat analysts' forecasts.
VMware Inc. (VMW), up $8.84 to $167.33.
Broadcom moved closer to buying the cloud technology company after clearing a regulatory hurdle in Britain.
Elevance Health Inc. (ELV), up $24.71 to $468.41.
The health insurer reported strong fiscal second-quarter financial results and raised its profit forecast.
Toll Brothers Inc. (TOL), down 98 cents to $81.64.
Homebuilders slipped after a report on home construction fell short of economists' forecasts.
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