Stocks that traded heavily or had significant price changes on Thursday: IBM, Lam Research rise; Tesla, Humana fall
January 25, 2024, 1:30 p.m. ET
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NEW YORK – Stocks that traded heavily or had significant price changes on Thursday:
Tesla Inc. fell $25.20 to $182.63.
The electric vehicle maker reported disappointing fourth-quarter results and warned of “significantly lower” sales growth this year.
International Business Machines Corp. rose $16.50 to $190.43.
The technology and consulting company beat analysts' fourth-quarter profit and revenue forecasts.
Lam Research Corp. rose $17.44 to $865.60.
The semiconductor supplier gave investors an encouraging profit forecast.
ResMed Inc. rose $14.57 to $186.35.
The maker of medical devices for respiratory diseases beat Wall Street's profit and sales forecasts for the second fiscal quarter.
Hexcel Corp. fell $6.04 to $65.61.
The lightweight composites maker gave investors a disappointing profit forecast.
Ethan Allen Interiors Inc. rose 15 cents to $29.75.
The home furnishings company's second-quarter earnings fell short of analysts' forecasts but reported a rising profit margin.
Humana Inc. fell $47.04 to $355.36.
The health insurer's profit forecast fell far short of Wall Street's expectations.
American Airlines Group Inc. rose $1.43 to $15.36.
The airline gave investors an encouraging profit forecast.