Victoria’s Secret, Darling Ingredients Increases; FuelCell drops
Stocks that traded heavily or experienced substantial price changes on Wednesday:
Cal-Maine Foods Inc., down $ 2.05 to $ 36.25
The egg supplier’s second quarter profits were well below Wall Street expectations.
Victoria’s Secret & Co., up from $ 5.92 to $ 54.50
The lingerie and beauty product seller announced an accelerated share buyback program worth $ 250 million.
Darling Ingredients Inc., up $ 1.29 to $ 67.81.
The company said it was buying Valley Proteins, which operates rendering and used cooking oil facilities, for $ 1.1 billion in cash.
FuelCell Energy Inc., down 76 cents to $ 5.11
The power generation company reported a larger loss than analysts expected in its final quarter.
Alaska Air Group Inc., down 76 cents to $ 52.14
Airlines shares continued to weaken as the spread of the omicron variant led to more flight cancellations.
Meta Platforms Inc., down $ 3.28 to $ 342.94.
Communications companies, including Facebook’s parent company, were weaker than the rest of the market.
Johnson & Johnson, up $ 1.88 to $ 171.55
Healthcare has outperformed other sectors of the market.
Advanced Micro Devices Inc., down $ 4.89 to 148.26.
Chipmakers posted some of the biggest declines.
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