Nike, Rite Aid fall; Darden Restaurants, Lumentum rise
NEW YORK (AP) - Stocks that traded heavily or had substantial price changes Thursday:
RH, up $43.97 to $529.08.
The furniture and housewares chain reported encouraging fourth-quarter profits and revenue.
KB Home, up $1.01 to $44.40.
The homebuilder's first-quarter profit beat Wall Street forecasts.
Rite Aid Corp., down $4.77 to $18.57.
The drugstore chain trimmed its financial forecasts, citing a light cold and flu season along with the continued impact of COVID-19.
Darden Restaurants Inc., up $10.97 to $144.90.
The owner of Olive Garden and other chain restaurants gave investors a strong profit forecast after reporting solid third-quarter earnings.
Pieris Pharmaceuticals Inc., up 8 cents to $2.58.
Seagen made a $13 million investment in the the biotechnology company.
Lumentum Holdings Inc., up $6.74 to $85.74.
Coherent scrapped its $5.7 billion buyout bid for the maker of optical products for telecommunications and data centers.
Capital One Financial Corp., up $3.96 to $127.87.
Bond yields edged higher and boosted banks, which rely on higher yields to charge more lucrative interest on loans.
Nike Inc., down $4.52 to $128.64.
The sportswear brand faces a boycott in China over its comments on reports of forced labor in the Xinjiang region.