Target and Stride rise; Coherent and Tower Semiconductor fall, Wednesday, 8/16/2023
Stocks that are trading heavily or have substantial price changes Wednesday: Target and Stride rise; Coherent and Tower Semiconductor fall
N EW YORK (AP) — Stocks that are trading heavily or have substantial price changes on Wednesday:
Target Corp. (TGT), up $3.85 to $128.90.
The retailer reported strong profits despite a backlash by some shoppers against its Pride month promotions.
Stride Inc. (LRN), up $2.83 to $41.12.
The online education company blew past analysts' third-quarter profit projections.
Tower Semiconductor Ltd. (TSEM), down $2.85 to $30.93.
The Israeli chip manufacturer and Intel called off their $5.4 billion merger after Chinese regulators opposed it.
Coherent Corp. (COHR), down $15.43 to $31.58.
The networking and laser company's financial forecast came in well below Wall Street targets.
H&R Block Inc. (HRB), up $3.85 to $39.20.
The tax preparer beat analysts' fourth-quarter sales and profit forecasts.
The owner of T.J. Maxx and Marshalls department stores reported results that beat Wall Street's consensus.
Brinker International Inc. (EAT), down $1.55 to $34.82.
The owner of Chili’s and Maggiano’s restaurants just missed revenue forecasts.
Progressive Corp. (PGR), up $11.55 to $136.60.
The insurer released strong financial results for the month of July.
