CVS, Ciena rise; GameStop, Laboratory Corp. fall
NEW YORK (AP) - Stocks that traded heavily or had substantial price changes Thursday:
CVS Health Corp., up $4.21 to $97.31.
The drugstore chain and pharmacy benefits manager announced a $10 billion stock buyback program and raised its dividend.
GameStop Corp., down $17.89 to $155.76.
The video game retailer's third-quarter loss was much bigger than analysts expected.
Restoration Hardware Holdings Inc., up $31.55 to $608.51.
The furniture and housewares company beat Wall Street's third-quarter profit and revenue forecasts.
Laboratory Corp. of America Holdings, down $14.86 to $281.97.
The medical laboratory operator announced a stock buyback program and plans to initiate a dividend in 2022.
Ciena Corp., up $9.73 to $71.93.
The developer of high-speed networking technology reported strong fiscal fourth-quarter revenue.
Hormel Foods Corp., up $2.01 to $44.80.
The maker of Spam canned ham, Dinty Moore stew and other foods gave investors an encouraging financial forecast.
Citigroup Inc., down 32 cents to $62.14.
Bond yields fell and weighed on banks, which rely on higher yields to charge more lucrative interest on loans.
Hess Corp., down $1.81 to $78.75.
Crude oil prices fell and sent energy stocks lower.