Tesla, Occidental rise; New Relic, Merck fall
May 13, 2022, 1:27 PM | Updated: 3:20 pm
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday:
Motorola Solutions Inc., up $13.75 to $215.29.
The communications equipment maker’s first-quarter profit and revenue beat Wall Street forecasts.
Tesla Inc., up $41.59 to $769.59.
CEO Elon Musk suspended his plan to buy social media company Twitter.
New Relic Inc., down $1.22 to $46.60.
The cloud-based software analytics company reported disappointing fiscal fourth-quarter earnings.
Natural Alternatives International Inc., up $1.47 to $10.48.
Investors were encouraged by the nutritional supplement maker’s financial results and forecast.
Fiesta Restaurant Group Inc., up 55 cents to $6.76.
The owner of the Pollo Tropical and Taco Cabana restaurant chains gave investors an encouraging business update.
Occidental Petroleum Corp., up $4.86 to $64.08.
The energy company gained ground along with rising crude oil prices.
Joby Aviation Inc., up 90 cents to $5.33.
The electric air taxi developer’s first-quarter earnings beat Wall Street forecasts.
Merck & Co., down 42 cents to $90.41.
The drug developer and some peers slipped as the sector lagged the broader market.
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