Campbell Soup, Comtech fall; Merck, Vertex rise
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:
United Natural Foods Inc., down $6.36 to $34.26.
The natural and organic food company reported disappointing fiscal third-quarter revenue.
Comtech Telecommunications Corp., down $3.53 to $22.13.
The communications company gave investors a weak revenue forecast for the year.
Lordstown Motors Corp., up 1 cent to $11.23.
The electric truck company warned investors that it needs to raise more money.
Campbell Soup Co., down $3.20 to $45.92.
The maker of canned soup, Pepperidge Farm cookies and V8 juice reported disappointing fiscal third-quarter financial results.
Merck & Co., up $1.64 to $74.04.
The drug developer signed a supply agreement with the U.S. and Canada for a potential COVID-19 treatment.
Vertex Pharmaceuticals Inc., up $2.43 to $213.56.
The drug developer received FDA approval for expanded use of its cystic fibrosis drug Trikafta in children.
AbbVie Inc., up $1.66 to $114.
The biotechnology company and Caraway Therapeutics are collaborating on treatments for Parkinson’s disease and other neurodegenerative disorders.
Ferrari NV, down $6.64 to $212.18.
Luxury sports carmaker Ferrari tapped Benedetto Vigna, an Italian executive at Europe’s largest semiconductor chipmaker, as its new CEO.