Trip.com, Wynn Resorts increase; Fall of Nike and Enerpac
NEW YORK (AP) — Stocks that traded heavily or saw significant price changes on Tuesday:
Nike Inc., down $7.72 to $102.78.
The athletic footwear and apparel company warned that ongoing COVID-19 disruptions in China could hurt revenue.
JetBlue Airways Corp., down 3 cents to $8.73.
The airline has again sweetened its takeover bid for Spirit Airlines in a bidding war against Frontier Group.
Wells Fargo & Co., down 6 cents at $40.18.
The bank said it plans to increase its quarterly dividend.
Morgan Stanley, up 72 cents at $78.16.
The investment bank increased its dividend and announced a $20 billion share buyback program.
Wynn Resorts Ltd., up $1.82 to $59.51.
The casino operator gained traction after learning China was relaxing some of its quarantine requirements.
Trip.com Group Ltd., up $2.65 at $27.22.
The travel services company beat analysts’ earnings and revenue forecasts in the first quarter.
Lands’ End Inc., up 72 cents at $12.08.
The clothing manufacturer announced a $50 million share buyback program.
Enerpac Tool Group Corp., down $1.27 to $18.50.
The industrial products company announced disappointing third-quarter financial results and lowered its revenue forecast.
