FedEx, General Electric fall; Bowlero, FirstEnergy rise
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: FedEx Corp., down $43.85 to $161.02. The package delivery company will close storefronts and corporate offices to cut costs as profits weaken. General Electric Co., down $2.52 to $66.39. The industrial giant told investors it’s still bogged down by supply chain problems and rising costs. Bowlero Corp., up 94 cents to $13.43. The bowling alley chain reported strong fiscal fourth-quarter revenue. FirstEnergy Corp., up 78 cents to $41.20. The utility company gave investors an encouraging financial update. NCR Corp., down $5.91 to $23.20. The maker of ATMs and other hardware and software to handle payments will split into two companies. Uber Technologies Inc., down $1.20 to $31.93. The ride-hailing app reached out to law enforcement after a hacker apparently breached its network. Huntsman Corp., down 83 cents to $25.68. The chemical company trimmed its financial forecast for the third-quarter as it faces higher energy costs and lower demand.
FedEx, General Electric fall; Bowlero, FirstEnergy rise
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: FedEx Corp., down $43.85 to $161.02. The package delivery company will close storefronts and corporate offices to cut costs as profits weaken. General Electric Co., down $2.52 to $66.39. The industrial giant told investors it’s still bogged down by supply chain problems and rising costs. Bowlero Corp., up 94 cents to $13.43. The bowling alley chain reported strong fiscal fourth-quarter revenue. FirstEnergy Corp., up 78 cents to $41.20. The utility company gave investors an encouraging financial update. NCR Corp., down $5.91 to $23.20. The maker of ATMs and other hardware and software to handle payments will split into two companies. Uber Technologies Inc., down $1.20 to $31.93. The ride-hailing app reached out to law enforcement after a hacker apparently breached its network. Huntsman Corp., down 83 cents to $25.68. The chemical company trimmed its financial forecast for the third-quarter as it faces higher energy costs and lower demand.