Supply Chain Council of European Union | Scceu.org
Procurement

Nike, Alibaba rise; Okta, Hess fall

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Nike Inc., up $2.90 to $133.09.…

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday:

Nike Inc., up $2.90 to $133.09.

The athletic apparel maker reported strong fiscal third-quarter financial results.

Alibaba Group Holding Ltd., up $11.40 to $114.99.

The world’s biggest e-commerce company increased its stock buyback plan to $25 billion from $15 billion.

Blackstone Inc., up $3.51 to $126.13.

Prologis is reportedly offering $23 billion for the investment management firm’s Mileway logistics warehouse company.

Sonoco Products Co., up $3.40 to $61.70.

The packaging maker gave investors an encouraging financial update.

Okta Inc., down $2.98 to $166.43.

The cloud identity management company is reportedly investigating a digital breach.

Hess Corp., down $2.26 to $101.59.

Energy companies came under pressure as oil prices fell.

JPMorgan Chase & Co., up $2.97 to $142.62.

Bank stocks benefited from rising bond yields, which allow them to charge higher interest rates on loans.

Newmont Corp., down 27 cents to $76.03.

The falling price of gold made the stocks of gold mining companies less appealing to investors.

Copyright
© 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Related posts

Chch company creates biodegradable coffee cup

scceu

Coconut prices remain low, Coimbatore district administration seeks extension of time for copra procurement

scceu

Lydian Announces Fourth Quarter and Year Ended December 31, 2019 Results

scceu