CVS, Levi Strauss fall; Credit Suisse, Ambac rise
Oct 7, 2022, 1:23 PM | Updated: 1:32 pm
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday:
Ambac Financial Group Inc., up $2 to $14.80.
The bond insurer is settling a mortgage-backed securities lawsuit with Bank of America for $1.84 billion.
Madison Square Garden Sports Corp., up $11.52 to $151.88.
The owner of the New York Knicks and the New York Rangers announced a special dividend of $7 per share.
DraftKings Inc., up 53 cents to $16.57.
The sports betting company is reportedly close to a new partnership with Disney’s ESPN.
Advanced Micro Devices Inc., down $9.41 to $58.44.
The chipmaker gave investors a discouraging third-quarter revenue update.
CVS Health Corp., down $10.33 to $88.25.
The drugstore chain and pharmacy benefits manager said a big Medicare Advantage plan took a hit in government quality ratings.
Levi Strauss & Co., down $1.86 to $14.07.
The jeans maker cut its profit forecast for the year.
Credit Suisse Group AG, up 56 cents to $4.85.
The bank announced a $3 billion debt buyback.
ConocoPhillips, up 86 cents to $118.51.
Energy stocks gained ground along with rising crude oil prices.
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