Cerence, Roivant Sciences fall; Xenon Pharmaceuticals, Shopify rise, Monday, 11/27/2023
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Monday:
Crown Castle Inc., up $3.57 to $107.15.
Investment firm Elliott Management is seeking management and board changes at the real estate investment trust.
Cerence Inc., down 36 cents to $16.93.
The automotive artificial intelligence developer reported disappointing fiscal fourth-quarter earnings.
Kraft Heinz Co., down 5 cents to $34.89.
The maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese announced a $3 billion stock buyback program.
Newmont Corp., up 59 cents to $38.18.
The gold producer commenced exchange offers for notes related to its acquisition of Newcrest Mining.
Xenon Pharmaceuticals Inc., up $5.15 to $34.12.
Investors were encouraged by the biopharmaceutical company's update on a potential depression treatment.
Shopify Inc., up $3.44 to $73.79.
The cloud-based commerce company announced a Black Friday record for worldwide sales of $4.1 billion from its merchants.
Roivant Sciences Ltd., down 3 cents to $9.10.
The biopharmaceutical company gave investors a discouraging update on a potential lupus treatment.
Freeport-McMoRan Inc., down 25 cents to $36.59.
The copper mining company fell as prices for the base metal slipped.
