Wells Fargo, Carnival Rise; CalAmp, the loan tree fall
NEW YORK (AP) — Stocks that traded heavily or saw significant price changes on Friday:
Wells Fargo & Co., up $2.86 at $40.76.
All of the country’s largest banks have passed “stress tests” to determine whether they can withstand a severe economic downturn.
FedEx Corp., up $16.26 at $243.24.
The Memphis, Tennessee-based package delivery giant reported a surge in profit and sales for its fourth fiscal quarter.
LendingTree Inc., down $4.32 to $50.55.
The online lender said its second-quarter sales and profit would miss its previous guidance.
CarMax Inc., up $6.60 at $98.36.
The used-car dealership operator reported higher revenue and sales than Wall Street analysts had expected.
Zendesk Inc., up $16.22 at $74.17.
The customer support software provider has agreed to be bought by a group of investors in a deal that values the company at around $10.2 billion.
CalAmp Corp., down $2.19 to $4.99.
The software and cloud services company reported a much larger loss and lower sales than analysts expected.
Carnival Corp. up $1.20 to $10.85.
Despite reporting quarterly results below estimates, the cruise line said bookings were growing rapidly.
Seagen Inc., up $5.33 at $179.33.
The Wall Street Journal reported that pharmaceutical giant Merck is pursuing a possible acquisition of the biotech company.