J.M. Smucker, Amgen rise; Tiffany, Best Buy fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially Tuesday:
Immunovant Inc., up $1.18 to $34.66.
The biotechnology company reported encouraging results from a study of its potential treatment for a muscle fatigue condition.
Amgen Inc., up $12.65 to $248.22.
The biotechnology giant will be added to the Dow Jones Industrial Average on Aug. 31 as part of an index shakeup.
Medtronic Plc., up $2.46 to $102.59.
The medical device company handily beat Wall Street’s fiscal first-quarter profit and revenue forecasts.
Children’s Place Inc., down $4.39 to $18.92.
The children’s clothing and accessories chain reported disappointing second-quarter earnings and revenue.
Tiffany & Co., down $5.04 to $121.99.
The jeweler’s purchase by LVMH was pushed back three months to Nov. 24.
Best Buy Co., down $4.73 to $112.64.
The electronics retailer did not provide a financial forecast and warned its sales growth could slow during the third quarter.
Hormel Foods Corp., down $1.10 to $51.54.
The maker of Dinty Moore stew and Skippy peanut butter warned that it could have trouble meeting demand in the fourth quarter.
J.M. Smucker Co., up $7.76 to $120.75.
The maker of Jif peanut butter and Folgers coffee reported good quarterly earnings and raised its financial forecasts.