Nike And Wells Fargo Soar While Constellation Brands Drops

NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday: Wells Fargo & Co., up $1.81 to $55.44 After receiving approval from the Federal Reserve, the bank plans to buy back $24.5 billion in stock and raised its dividend. Nike Inc., up $7.98 to $79.68 The sneaker maker had a strong fourth quarter as its North American sales improved. Novartis International AG, up $2.54 to $75.54 The drugmaker plans to spin off of its Alcon eye care device business and buy back more stock. Constellation Brands Inc., down $13.46 to $218.87 The wine, liquor and beer company reported a smaller quarterly profit than analysts expected. Synnex Corp., down $10.23 to $96.51 The high-tech contractor agreed to buy customer management company Convergys in a deal the companies valued at $2.8 billion. KB Home, up $1.86 to $27.24 The homebuilder posted a larger profit and better sales than Wall Street anticipated. Hess Corp., up $1.33 to $66.89 Energy companies continued to rally with oil prices as energy stocks completed their best quarter since 2011. FirstEnergy Corp., down 28 cents to $35.91 Utilities and other high-dividend stocks lagged the rest of the market. Read more on NewsOK.com

BING NEWS:
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    Wells Fargo lowered the firm’s price target on Constellation Brands (STZ) to $230 from $275 and keeps an Overweight rating on the shares. The ...
    01/13/2025 - 10:45 pm | View Link
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    In a report released today, Christopher Carey from Wells Fargo maintained a Hold rating on Spectrum Brands Holdings (SPB – Research Report), ...
    01/6/2025 - 10:40 pm | View Link
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