Target and Stride rise; Coherent and Tower Semiconductor fall, Wednesday, 8/16/2023
N EW YORK (AP) — Stocks that traded heavily or had substantial price changes on Wednesday:
Target Corp. (TGT), up $3.70 to $128.75.
The retailer reported strong profits despite a backlash by some shoppers against its Pride month promotions.
Stride Inc. (LRN), up $1.77 to $40.06.
The online education company blew past analysts' third-quarter profit projections.
Tower Semiconductor Ltd. (TSEM), down $3.61 to $30.17.
The Israeli chip manufacturer and Intel called off their $5.4 billion merger after Chinese regulators opposed it.
Coherent Corp. (COHR), down $14.04 to $32.97.
The networking and laser company's financial forecast came in well below Wall Street targets.
H&R Block Inc. (HRB), up $3.43 to $38.78.
The tax preparer beat analysts' fourth-quarter sales and profit forecasts.
TJX Cos. (TJX), up $3.54 to $89.31.
The owner of T.J. Maxx and Marshalls department stores reported results that beat Wall Street's consensus.
Brinker International Inc. (EAT), down $2.01 to $34.36.
The owner of Chili’s and Maggiano’s restaurants just missed revenue forecasts.
Progressive Corp. (PGR), up $11.09 to $136.14.
The insurer released strong financial results for the month of July.
