FedEx, US Steel fall; Moderna, Tesla rise
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday:
FedEx Corp., down $9.07 to $218.91.
The package delivery company’s fiscal third-quarter earnings fell short of Wall Street forecasts.
GameStop Corp., up $3.09 to $90.79.
The video game retailer beat Wall Street’s fourth-quarter revenue forecasts.
United States Steel Corp., down $1.59 to $32.96.
The steelmaker gave investors a disappointing first-quarter profit forecast.
Moderna Inc., up $10.67 to $178.93.
The drug developer asked U.S. regulators to authorize a fourth dose of its COVID-19 vaccine for adults.
Bank of America Corp., down 13 cents to $42.90.
Bond yields slipped and weighed down banks, which rely on higher yields to charge more lucrative interest on loans.
Bank of New York Mellon Corp., down 21 cents to $52.30.
The bank expects a loss of $100 million in revenue during the quarter because of its pullback from business in Russia.
SolarEdge Technologies Inc., down $2.09 to $312.51.
The photovoltaic products maker priced a stock offering at a discount to its previous closing price.
Tesla Inc., up $33.79 to $905.39.
The electric vehicle maker reportedly restarted production at its Shanghai plant after a two-day halt.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.