Nektar, DXC Technology plunge; Yelp, News Corp rise
By Associated Press
NEW YORK — Stocks that moved substantially or traded heavily on Friday:
Symantec Corp. (SYMC), up 7 cents at $22.99
The security software company is selling its enterprise security unit to chipmaker Broadcom for $10.7 billion.
DXC Technology Co. (DXC), down $15.74 at $35.91
The information technology company cut its profit and revenue forecast for the year, partly citing deal delays.
Nektar Therapeutics Inc. (NKTR), down $8.65 at $20.92
The drug developer told investors that a study involving an experimental cancer treatment faced some manufacturing issues.
Avnet Inc. (AVT), down $1.59 at $41.32
The distributor of electronic components gave investors a weak profit forecast for the current quarter.
Mattel Inc. (MAT), down $2.12 at $11.31
The maker of Barbie, Hot Wheels and other toys cancelled a debt offering after receiving a letter from an anonymous whistleblower.
Yelp Inc. (YELP), up $1.82 at $36.77
The online business reviews company beat Wall Street’s second quarter profit forecasts and reaffirmed its revenue outlook for the year.
News Corp. (NWSA), up 67 cents at $13.70
The publisher of the Wall Street Journal beat analysts’ fiscal fourth quarter profit forecasts.
Axon Enterprise Inc. (AAXN), down $10.32 at $58.09
The maker of stun guns and body cameras reported weak second quarter profit and revenue.
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