Toro, Steelcase gain; FedEx, General Mills decline, Wednesday, 12/20/2023
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Wednesday:
FedEx Corp., down $33.75 to $246.25.
The package delivery company tumbled after reporting weaker revenue and profit for the latest quarter than analysts expected.
Aon PLC, down $18.89 to $294.12.
The insurance company announced that it will acquire middle-market insurance broker NFP for $13.4 billion.
Winnebago Industries Inc., down $4.19 to $70.95.
The maker of motorhomes and other recreational products fell short of analysts’ first-quarter profit expectations as sales sank from a year ago.
General Mills Inc., down $2.38 to $64.33.
The maker of Lucky Charms cereal said its second-quarter revenue fell short as a recovery in its sales volume was slower than expected.
Enerpac Tool Group Corp., up 64 cents to $30.92.
The industrial tool maker beat Wall Street's sales and profit forecasts.
Riot Platforms Inc., down 23 cents to $16.45.
Bitcoin mining companies rallied in early trading along with an increase in the price of the digital currency.
Steelcase Inc., up $1.39 to $14.09.
The maker of office furniture topped analysts' third-quarter profit targets.
Toro Co., up $7.98 to $97.21.
The turf and lawncare equipment company beat Wall Street's sales and profit targets.
