Lamb Weston Holdings Inc. shares LW, +9.66% rose 9.4% after the producer of frozen potato products, including French fries, posted a fiscal first-quarter profit that beat expectations by a wide margin.
Orchard Therapeutics shares ORTX, +96.44% nearly doubled to $15.99 after the company agreed to be purchased by Kyowa Kirin 4151, -0.24% for at least $16 per share in cash, plus an additional contingent value right of $1 per share.Clorox Co. shares CLX, -6.31% fell 5.9% after the company cut its outlook following disruptions caused by a cyberattack first reported in August.
Shares of Rivian Automotive Inc. RIVN, -18.85% slid 18.8% after the electric-vehicle maker said it plans to offer $1.5 billion worth of “green” convertible senior notes due in 2030, and issued preliminary sales estimates that met Wall Street’s expectations. Rivian’s stock rose by 9% on Wednesday. BlackBerry Ltd. shares BB, -9.60% fell 9.8%. The stock had risen in Wednesday’s extended session after the company announced it plans to spin off its internet-of-things business in an initial public offering.
Exxon Mobil XOM, -2.22% shares fell 2%. The company said rising crude prices are likely to boost its third-quarter profit by $1 billion, but thinner margins from chemicals will hurt profits by as much as $600 million. Analysts at RBC said that the update from Exxon is likely to result in earnings above consensus expectations but roughly in line with investor expectations.
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Clorox stock falls after detailing cyberattack hit and other stocks on the moveOrchard Therapeutics, Clorox and Rivian Automotive stocks were on the move.
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »