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Walgreens, Mobileye fall; Peloton, Lamb Weston rise, Thursday, 1/4/2024
By AP News - Jan 04, 2024, 12:36 PM ET
Last Updated - Jan 04, 2024, 12:36 PM EST
Stocks that traded heavily or had substantial price changes on Thursday: Walgreens, Mobileye fall; Peloton, Lamb Weston rise
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Thursday:
Walgreens Boots Alliance Inc. (WBA), down $1.79 to $23.78
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The pharmacy chain cut its dividend nearly in half in order to conserve cash.
Lamb Weston Holdings Inc. (LW), up $3.17 to $108.10
The frozen french fry maker reported stronger profit for the latest quarter than analysts expected.
Peloton Interactive Inc. (PTON), up 40 cents to $5.78
The maker of exercise equipment announced a partnership to bring its workout content to TikTok.
The oil and natural gas company is buying Callon Petroleum in an all-stock deal valued at roughly $4.5 billion, including debt.
Callon Petroleum Co. (CPE), up $1.33 to $34.98
The company is being acquired by APA.
Mobileye Global Inc. (MBLY), down $9.92 to $29.80
The developer of autonomous driving technologies forecast full-year results well below what analysts were expecting.
Conagra Brands Inc. (CAG), down 70 cents to $28.58
The owner of packaged food brands like Vlasic pickles and Hunt's ketchup cut its earnings forecast.
The maker of coatings and building materials reported revenue for its latest quarter that missed Wall Street's forecasts.
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