Nike, Alibaba rise; Okta, Hess fall
Mar 22, 2022, 1:16 PM | Updated: 2:08 pm
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday:
Nike Inc., up $2.90 to $133.09.
The athletic apparel maker reported strong fiscal third-quarter financial results.
Alibaba Group Holding Ltd., up $11.40 to $114.99.
The world’s biggest e-commerce company increased its stock buyback plan to $25 billion from $15 billion.
Blackstone Inc., up $3.51 to $126.13.
Prologis is reportedly offering $23 billion for the investment management firm’s Mileway logistics warehouse company.
Sonoco Products Co., up $3.40 to $61.70.
The packaging maker gave investors an encouraging financial update.
Okta Inc., down $2.98 to $166.43.
The cloud identity management company is reportedly investigating a digital breach.
Hess Corp., down $2.26 to $101.59.
Energy companies came under pressure as oil prices fell.
JPMorgan Chase & Co., up $2.97 to $142.62.
Bank stocks benefited from rising bond yields, which allow them to charge higher interest rates on loans.
Newmont Corp., down 27 cents to $76.03.
The falling price of gold made the stocks of gold mining companies less appealing to investors.
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