Broadcom, Lululemon rise; Oxford Industries, HashiCorp fall
Sep 2, 2022, 1:19 PM | Updated: 1:25 pm
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday:
Starbucks Corp., down $2.46 to $82.94.
The giant coffee chain named Laxman Narasimhan, a longtime PepsiCo executive, as its new CEO.
Broadcom Inc., up $8.21 to $500.22.
The semiconductor maker reported results that beat analysts’ estimates and forecast sales above what Wall Street was expecting.
Lululemon Athletica Inc., up $19.72 to $314.17.
The maker of athletic apparel beat Wall Street’s second-quarter expectations and raised its full-year outlook.
Smartsheet Inc., up $3.34 to $34.16.
The cloud computing company raised its outlook for the full fiscal year.
Oxford Industries Inc., down $9.54 to $92.89.
The owner of the Tommy Bahama and Lily Pulitzer brands issued a weaker profit forecast than investors were expecting.
PagerDuty Inc., down 59 cents to $23.51.
The digital operations management company raised its forecasts for full-year results.
HashiCorp Inc., down 15 cents to $30.11.
The San Francisco-based infrastructure automation company raised its estimates for full-year results.
Kohl’s Corp., up $1.60 to $29.97.
Private equity firm Oak Street Real Estate Capital reportedly made an offer to buy up to $2 billion of property from the retailer.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.