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Tuesday, October 20, 2020

Bed Bath & Beyond, Boeing Rise; Marathon, Allstate Fall

NEW YORK: Stocks that moved heavily or traded substantially Thursday:

Bed Bath & Beyond Inc., up $3.77 to $18.75

The home goods retailer reported a surprise fiscal second-quarter profit.

Genworth Financial Inc., down 19 cents to $3.16

China Oceanwide Holdings Group extended the deadline for its buyout of the financial services company.

Boeing Co., up $2.60 to $167.86

The head of the Federal Aviation Administration made positive comments about the airplane maker’s 737 Max after a test flight.

Allstate Corp., down $1.88 to $92.26

The insurance company is cutting 3,800 jobs as part of a cost-cutting plan.

Marathon Petroleum Corp., down $1.63 to $27.71

The oil refiner is cutting 12.5% of its workforce as it grapples with weak demand because of the pandemic.

STMicroelectronics NV, up $2.52 to $33.21

The chipmaker gave investors an encouraging update on its third-quarter financial performance.

AMAG Pharmaceuticals Inc., up $4.25 to $13.65

Covis Pharma is buying the biotechnology company for about $498 million.

Mack-Cali Realty Corp., up 24 cents to $12.86

The office property owner suspended its dividend for both its third and fourth quarter.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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