Kraft, Fiat Rise; Carnival, Charles Schwab Fall

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September 16, 2020

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

Fiat Chrysler Automobiles N.V., up 88 cents to $12.81.

The automaker is cutting its special dividend as part of an amended merger deal with Peugeot SA.

MDC Holdings, up $1.98 to $46.72.

The homebuilder gave investors an encouraging update on orders during the third quarter.

Scotts Miracle-Gro Co., up 75 cents to $160.57.

The gardening supplies company raised its profit forecast for the year because of strong sales growth.

Kraft Heinz Co., up 10 cents to $31.97.

The processed food giant plans to cut $2 billion in costs over the next five years and said sales are strong in the third quarter.

Carnival Corp., down $1.92 to $15.93.

The cruise line operator gave investors a disappointing third-quarter financial update.

Nikola Corp., down $2.96 to $32.83.

Market regulator SEC is reportedly investigating allegations of fraud at the electric truck company.

Charles Schwab Corp., down 98 cents to $34.75.

The financial services company warned its third-quarter revenue could suffer because of low interest rates.

American Tower Corp., up $9.85 to $263.75.

The owner of communications towers signed a new long-term deal with wireless company T-Mobile.

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