Tempur Sealy, Citigroup fall; Edwards, Duke rise
Mar 31, 2022, 1:17 PM | Updated: 1:42 pm
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday:
Weibo Corp., down 17 cents to $24.51.
The Chinese social media company announced a $500 million stock buyback plan.
Novavax Inc., down $1.10 to $73.65.
The vaccine maker asked European regulators to expand conditional approval of its COVID-19 vaccine to teenagers.
Tempur Sealy International Inc., down $1.07 to $27.92.
The mattress maker gave investors a discouraging sales update.
Citigroup Inc., down $1.57 to $53.40.
Bond yields fell and weighed down banks, which rely on higher yields to charge more lucrative interest on loans.
Duke Energy Co., up 18 cents to $111.66.
Some utility stocks eked out gains as investors shifted money into the sector, which is considered less-risky.
Edwards Lifesciences, up 63 cents to $117.72.
The medical device maker received U.S. regulatory approval for its Mitris Resilia heart valve.
Walgreens Boots Alliance Inc., down $2.69 to $44.77.
Investors were disappointed after the largest U.S. drugstore chain left its financial forecasts unchanged.
Occidental Petroleum Corp., down 74 cents to $56.74.
Energy stocks slipped along with falling crude oil prices.
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