NCR, Hasbro rise; IBM, Signature Bank fall
Jul 19, 2022, 1:14 PM | Updated: 2:09 pm
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday:
Hasbro Inc., up 56 cents to $79.98.
The toy maker beat Wall Street’s profit forecasts with strong showings from Magic: The Gathering and other tabletop games.
Shopify Inc., up $1.83 to $34.37.
YouTube is teaming up with the e-commerce platform to make it easier for merchants who use Shopify to link to and manage products.
NCR Corp., up $3.68 to $32.78.
The Wall Street Journal reported that the private equity firm Veritas Capital is in talks to buy the maker of ATM machines.
International Business Machines Corp., down $7.25 to $130.88.
IBM’s profit margins fell short of some forecasts amid concerns about the strong dollar’s effect on overseas revenue.
Signature Bank, down $8.84 to $187.28.
The New York-based commercial bank reported a decline in deposits.
Johnson & Johnson, down $2.54 to $171.69.
The health care giant reported better-than-expected earnings, but exchange rates again pinched its 2022 forecast.
Lockheed Martin Corp., up $3.10 to $390.38.
The defense contractor reported results that fell short of Wall Street’s forecasts and lowered its outlook for the year.
Silvergate Capital Corp., up $14.55 to $79.60.
The owner of Silvergate Bank reported earnings that came in ahead of what analysts were expecting.
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