Clorox's stock falls after cyberattack hit, and other stocks on the move

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.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Clorox stock falls after detailing cyberattack hit and other stocks on the moveOrchard Therapeutics, Clorox and Rivian Automotive stocks were on the move.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Stocks making the biggest moves midday: Rivian, Orchard Therapeutics, Lamb Weston and moreThese are the stocks posting the largest moves in midday trading.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Clorox shares slide after company says cyberattack hit sales hardClorox shares fell more than 8% after the company said it was still dealing with a cyberattack it disclosed in August.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »