Foot Locker, Adobe rise; Papa John’s, Endo fall

Aug 20, 2021, 1:25 PM | Updated: 2:06 pm

Stocks that traded heavily or had substantial price changes Friday:

Foot Locker Inc., up $3.95 to $58.34.

The mall-based shoe and sportswear chain reported earnings that were more than double what analysts were expecting. d

Ross Stores Inc., down $3.46 to $123.12.

The clothing and home accessories chain issued a full-year outlook that was below Wall Street’s forecast.

Endo International PLC, down $1.42 to $2.13.

The Wall Street Journal reported that the drugmaker hired a restructuring adviser to evaluate how to deal with lawsuits accusing it of contributing to the opioid crisis.

Johnson & Johnson, up 87 cents to $179.44.

The giant health care company said it will replace CEO Alex Gorsky with another company veteran next year.

Mudrick Capital Acquisition Corp. II, down 28 cents to $9.83.

The special-purpose acquisition company terminated an agreement to take the trading-card company Topps public.

Adobe Inc., up $9.68 to $647.34.

The software company said it would acquire Frame.io, a cloud-based video collaboration company, for $1.3 billion.

Papa John’s International Inc., down $4.75 to $122.75.

Activist investor Starboard Value lowered its stake in the pizza chain to 7.6% from a previously reported stake of 9.5%.

Farfetch Limited, up 57 cents to $38.80.

The high-end online fashion retailer reported better results than analysts expected.

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Foot Locker, Adobe rise; Papa John’s, Endo fall