Estee Lauder, Marathon Fall; L Brands, Synopsys Rise

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Coverage By Soumyadeep Pal

August 21, 2020

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

American Airlines Group Inc., down 18 cents to $12.50.

The airline is halting flights to 15 smaller U.S. cities in October as low demand continues to hurt the industry.

EyePoint Pharmaceuticals Inc., up 5 cents to $0.57.

The company expanded a licensing deal for its eye condition treatments with Ocumension Therapeutics.

CureVac N.V., up $9.10 to $66.

The biotechnology company is in discussions to supply the European Union with its potential coronavirus vaccine, according to media reports.

L Brands Inc., up $1.10 to $29.57.

The owner of Bath & Body Works and Victorias Secret reported encouraging second-quarter financial results.

Synopsys Inc., up $16.94 to $215.16.

The maker of software used to test and develop computer chips reported surprisingly good fiscal third-quarter profit and revenue.

Estee Lauder Inc., down $14.23 to $198.27.

The cosmetics giant reported disappointing fiscal fourth-quarter financial results and is cutting jobs.

Bank of America Corp., down 40 cents to $25.10.

Bond yields, which banks rely on to charge more lucrative interest on loans, fell following a disappointing employment report.

Marathon Petroleum Corp., down $1.56 to $35.62.

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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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Estee Lauder, Marathon Fall; L Brands, Synopsys Rise

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