Red Hat and Bed Bath & Beyond skid; Hershey edges higher

AP News
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Posted: Dec 22, 2016 4:42 PM

NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday:

Micron Technology Inc., up $2.61 to $23.19

The chipmaker's first-quarter profit surpassed analyst estimates and its forecast for the current quarter was far better than expected.

Hershey Co., up $1.27 to $104.44

The chocolate maker named Chief Operating Officer Michele Buck its next president and CEO.

Red Hat Inc., down $11.08 to $68.71

The open-source software company reported disappointing revenue and sales projections, and said its chief financial officer will leave in January.

Bed Bath & Beyond Inc., down $4.18 to $41.38

The home goods retailer reported weaker quarterly results than analysts expected.

Conagra Brands Inc., up $1.29 to $39.29

The food company reported a larger profit than expected, and analysts said its profit margins are getting stronger.

Alibaba Group Holding Ltd., down $2.45 to $86.80

The U.S. government put the Chinese e-commerce company back on a list of marketplaces that sell pirated goods.

Weight Watchers International Inc., up 56 cents to $11.08

The weight loss company released an ad that showed investor Oprah Winfrey saying she's lost 40 pounds on its plans.

Target Corp., down $3.39 to $73.74

Retailers and other consumer-focused companies took some of the largest losses in Thursday trading.