Bed Bath & Beyond, Chewy fall; Snap, ChargePoint rise
Aug 31, 2022, 1:16 PM | Updated: 1:42 pm
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:
Bed Bath & Beyond Inc., down $2.58 to $9.53.
The struggling home goods retailer announced a major restructuring and a stock sale.
HP Inc., down $2.39 to $28.71.
The maker of printers and computers reported revenue for its latest quarter that fell well short of what Wall Street was expecting.
Snap Inc., up 87 cents to $10.88.
The parent company of the Snapchat social media app said it would cut 20% of its work force.
Chewy Inc., down $3.06 to $34.33.
The online pet supplies retailer reported revenue that was below analysts’ forecasts.
Seagate Technology Inc., down $2.46 to $66.96.
The data storage company sharply cut its revenue forecast for the current quarter, citing weaker economic trends in Asia.
PVH Corp., down $6.59 to $56.25.
The parent company of Calvin Klein and Tommy Hilfiger cut its forecasts for full-year results.
Netflix Inc., up $2.91 to $223.56.
The streaming video company reportedly hired two executives to build out its ad-supported service.
ChargePoint Holdings Inc., up $1.78 to $16.27.
The operator of an electric vehicle charging network reported a near doubling of revenue.
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