Stocks that moved heavily or traded substantially on Wednesday: AMD, L Brands rise; Boeing, Six Flags fall
NEW YORK —
Stocks that moved heavily or traded substantially on Wednesday:
Advanced Micro Devices Inc., up $8.48 to $76.09.
The chip maker reported an even bigger jump in profit from April through June than Wall Street expected.
Boeing Co., down $4.83 to $166.01.
The jet maker’s losses ballooned to $2.4 billion in the second quarter, and it will cut production and jobs as demand for aircraft withers.
L Brands Inc., up $6.76 to $25.88.
The parent company of Victoria’s Secret laid out plans to slash annual costs by $400 million, including through layoffs.
Starbucks Corp., up $2.78 to $77.42.
The coffee chain’s quarterly loss wasn’t as bad as analysts expected, and it gave an upbeat forecast for the current quarter.
AMC Entertainment Holdings Inc., up 1 cent to $4.16.
The movie theater chain reached a deal with Universal to shorten the exclusive theatrical window to just 17 days from the typical 90 days.
Eastman Kodak Co., up $25.26 to $33.20.
The former film giant will get a $765 million government loan to retool to make pharmaceutical ingredients that are in chronically short supply.
Norfolk Southern Corp., up $7.72 to $192.82.
The railroad’s earnings and revenue came in ahead of Wall Street’s forecasts.
Six Flags Entertainment Corp., down 69 cents to $18.50.
The amusement park chain reported results that fell far short of what analysts were forecasting.