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Capri, Alphabet Rise; Chipotle, Electronic Arts Fall

Capri, Alphabet Rise; Chipotle, Electronic Arts Fall

Stocks that traded heavily or had substantial price changes Wednesday:

NEW YORK: Stocks that traded heavily or had substantial price changes Wednesday:

Alphabet Inc., up $139.76 to $2,058.88.

The parent company of search engine Google handily beat Wall Streets fourth-quarter profit and revenue forecasts.

Chipotle Mexican Grill Inc., down $23.06 to $1,499.99.

The Mexican food chains fourth-quarter profit fell short of analysts forecasts.

Amazon.com Inc., down $67.47 to $3,312.53.

Jeff Bezos will step down as CEO of the the online retail giant, to be replaced by long-time executive Andy Jassy.

Electronic Arts Inc., down $8.15 to $140.82.

The maker of Medal of Honor and other video games gave investors a disappointing profit forecast.

GW Pharmaceuticals Plc., up $65.12 to $211.37.

Jazz Pharmaceuticals is buying the cannabis-based drug developer for about $7.2 billion in cash and stock.

Evercore Inc., up $4.63 to $119.15.

The investment bank reported surprisingly strong fourth-quarter financial results.

W.W. Grainger Inc., down $7 to $366.11.

The seller of maintenance and other industrial supplies reported a bigger fourth-quarter loss than Wall Street anticipated.

Capri Holdings Ltd., up $1.08 to $43.81.

The owner of Michael Kors and other luxury retail brands beat Wall Street’s fiscal third-quarter profit forecasts.

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first published:February 04, 2021, 02:51 IST