Stocks that moved substantially or traded heavily on Wednesday: Ollie’s and Cummins march higher while GameStop and Home Depot slip
NEW YORK —
Stocks that moved substantially or traded heavily on Wednesday:
Ollie’s Bargain Outlet Holdings Inc., up $9.03 to $69.33
The retailer named John Swygert as its new CEO and reported surprisingly strong third-quarter profit and revenue.
Schlumberger Ltd., up $1.06 to $38.40
The oilfield services company said Simon Ayat is stepping down as chief financial officer and will be replaced by Stephane Biguet.
GameStop Corp., down 98 cents to $5.53
The video game retailer cut its profit forecast for the year after reporting a surprising loss in the third quarter.
American Water Works Co., down $1.45 to $120.90
The water utility gave investors a weak profit forecast for 2020 and CEO Susan Story is retiring.
Chevron Corp., down $1.66 to $116.23
The energy company will book a charge of at least $10 billion because lower long-term prices for oil and natural gas will reduce the value of its assets.
Cummins Inc., up $2.46 to $182.11
The engine maker said it will buy back another $2 billion of its stock when its current repurchase program is complete.
American Eagle Outfitters Inc., down 99 cents to $14.13
The clothing chain posted solid third-quarter results but noted it saw softer demand for certain apparel categories.
Home Depot Inc., down $3.90 to $212
The nation’s largest home improvement retailer issued a weak sales forecast for fiscal 2020.