Moderna, Valero rise; Stitch Fix, Discovery fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:
SAP SE, up $1.54 to $135.97.
The software company raised its financial forecast for the year on the strength of its cloud computing business.
Stitch Fix Inc., down $2.63 to $46.86.
The subscription service for clothes said CEO Katrina Lake will step down.
Nikola Corp., down 30 cents to $11.75.
The truck maker will collaborate with CNH Industrial and OGE Energy on hydrogen distribution and fueling stations in Germany.
Moderna Inc., up $10.32 to $160.03.
The biotechnology company announced more encouraging data on the effectiveness of its COVID-19 vaccine.
Goldman Sachs Group Inc., up $7.67 to $335.35.
The investment bank reported a surge in first-quarter profit that handily beat Wall Street forecasts.
Valero Energy Corp., up $2 to $72.28.
Oil prices rose and helped lift energy company stocks after the International Energy Agency raised its forecast for demand.
Kohl’s Corp., down $1.22 to $59.72.
The department store chain agreed with a group of investors to add new directors to its board.
Discovery Inc., down $2 to $38.38.
Credit Suisse reportedly offered a large block of the media company’s shares for sale as it unwinds positions related to a client’s default in March.