NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday:
NVIDIA Corp., up $10.04 to $361.05.
The chipmaker gave investors an encouraging revenue forecast after a surprisingly good first quarter.
Deere & Co., down $2.10 to $140.71.
The tractor and backhoe maker beat Wall Street’s second-quarter profit forecasts even as demand fell amid the economic shock.
Coty Inc., up 42 cents to $3.75.
The owner of the Clairol and CoverGirl brands signed a distribution deal for Kylie Jenner’s “Kylie Skin” products in Europe.
Splunk Inc., up $20.81 to $184.26.
The maker of software for collecting and analyzing corporate data beat Wall Street’s first-quarter earnings forecasts.
Palo Alto Networks Inc., up $8.43 to $237.93.
The security software maker raised its profit forecasts for the year after handily beating Wall Street’s third-quarter expectations.
Hewlett Packard Enterprise Co., down $1.19 to $9.17.
The information technology company reported weak quarterly earnings and said it will slash costs.
Ross Stores Inc., down $2.99 to $93.88.
The discount retailer reported a surprisingly big first-quarter loss as the virus pandemic forced it to close stores.
Hertz Global Holdings Inc., down 23 cents to $2.84.
The rental car company has hit an impasse with its creditors and reportedly moved closer to bankruptcy.
Companies Mentioned in This Article
12 Stocks Corporate Insiders are Abandoning
An insider trade occurs when a corporate executive (such as a CEO, CFO or COO) that has non-public information about a company buys or sells shares of that company’s stock. Company insiders are required by law to regularly report their stock purchases and sales to the SEC.
Tracking a company’s insider trades is a metric that can be used to identify the direction that the company’s executives believes that the company is headed. If a number of insiders sell shares of their company, they may believe that the company will have weak future earnings and that the share price will decline in the near future.
For example, if Microsoft’s CEO, CFO and COO all recently sold shares of Microsoft stock, that would be an indication that there could be unreported news that may negatively effect Microsoft’s stock price in the near future.
This slideshow lists the 12 companies that have had the highest levels of insider buying within the last 180 days.
View the “12 Stocks Corporate Insiders are Abandoning”.
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