FedEx, AMC Networks rise; Spotify, NextEra fall
NEW YORK (AP) - Stocks that moved heavily or traded substantially Wednesday:
FedEx Corp., up $13.63 to $250.30.
The package delivery company blew away Wall Street's fiscal first-quarter profit and revenue forecasts.
General Motors Co., up 21 cents to $31.79.
The automaker is going to announce its own line of electric vehicle drive systems and motors, according to media reports.
Facebook Inc., down $8.90 to $263.52.
The Federal Trade Commission is preparing an antitrust lawsuit against the social media company, according to the Wall Street Journal.
AMC Networks Inc., up $4.41 to $25.18.
The cable company behind the AMC and IFC channels plans to buy back up to $250 million of its own stock.
Kohl's Corp., up 69 cents to $23.82.
The department store chain will cut 15% of its office workers to save money.
Eastman Kodak Co., up $2.28 to $8.51.
The digital imaging company said an internal investigation concluded that its CEO did not violate insider trading policies.
Spotify Technology SA, down $3.06 to $234.85.
The company faces more competition after Amazon Music launched podcasts for customers in the U.S., U.K., Germany, and Japan.
NextEra Energy Inc., down $15.35 to $280.35.
The energy company will sell $2 billion worth of securities to BofA Securities and Barclays.