Novavax, Vail Resorts rise; Ulta Beauty, Zumiez fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday:
Novavax Inc., up $15.14 to $202.77.
The biotechnology company’s potential COVID-19 vaccine proved to be highly effective in a key study.
Ulta Beauty Inc., down $29.35 to $318.15.
The beauty products retailer said Dave Kimbell will succeed Mary Dillon as CEO.
Adient Plc., up $7.15 to $47.47.
The automotive interior supplier is selling its stake in China’s YFAS and other joint ventures for $1.5 billion.
Vail Resorts Inc., up $9.52 to $315
The ski resort operator beat Wall Street’s fiscal second-quarter profit and revenue forecasts.
Zumiez Inc., down $2.33 to $45.50.
The clothing retailer said the first quarter was off to a slow start because of the impact from the virus pandemic and weather.
AT&T Inc., up 27 cents to $29.81.
The company gave investors an encouraging long-term forecast for HBO subscriptions and reaffirmed its financial expectations.
Bank of America Corp., up 70 cents to $37.94.
Bank stocks gained ground along with bond yields, which allow them to charge more lucrative interest on loans.
L Brands Inc., up $4.96 to $60.81.
The owner of Victoria’s Secret and other brands raised its first-quarter profit forecast and reinstated its dividend.