Vail Resorts, Progress Software rise; Nike, Nvidia fall
Stocks that traded heavily or had substantial price changes Friday:
Nike Inc., down $9.99 to $149.59.
The athletic apparel maker warned investors that supply chain problems will hurt revenue.
Meredith Corp., up $11.41 to $56.30.
IAC/InteractiveCorp. is reportedly in talks to buy the owner of People and Better Homes & Gardens magazines.
Progress Software Corp., up $6.89 to $53.10.
The business software maker's fiscal third-quarter financial results beat Wall Street forecasts.
Merck & Co., up 56 cents to $73.61.
The drug developer reported encouraging results from a study of a potential prostate cancer treatment.
Vail Resorts Inc., up $24.14 to $351.85.
The ski resort operator's fiscal fourth-quarter earnings and revenue beat analysts' forecasts.
Costco Wholesale Corp., up $14.97 to $467.75.
The warehouse club operator reported encouraging fiscal third-quarter profit and revenue.
JPMorgan Chase & Co., up $1.86 to $163.04.
Banks gained ground as bond yields rose, which allows them to charge more lucrative interest on loans.
Nvidia Corp., down $4.01 to $220.81.
China declared all transactions involving cryptocurrencies illegal, weighing on makers of processors needed in crypto-mining.