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Macy's, SolarEdge rise; Archer Daniels Midland, Sunoco fall, Monday, 1/22/2024
Stocks that traded heavily or had substantial price changes on Monday:
Archer Daniels Midland Co., down $16.50 to $51.69.
An accounting investigation is under way at the agribusiness giant and its top financial executive has been placed on administrative leave.
Macy's Inc., up 63 cents to $18.26.
The department store operator rejected a buyout offer from Arkhouse Management.
SolarEdge Technologies Inc., up $2.74 to $71.85.
The photovoltaic products maker is cutting 16% of its global workforce.
Sunoco LP, down $2.72 to $56.74.
The Dallas-based chain of over 5,000 gas stations is buying pipeline operator NuStar Energy.
Zscaler Inc., up $9.56 to $240.85.
The cloud-based information security provider is reportedly in talks to buy Avalor.
Natera Inc., up 5 cents to $66.68.
The genetic testing company is buying prenatal screening and other reproductive health assets from Invitae.
Gilead Sciences Inc., down $8.86 to $78.43.
The biopharmaceutical company gave investors a discouraging update on a potential lung cancer treatment.
Northwest Bancshares Inc., up 58 cents to $12.70.
The owner of Pennsylvania-based Northwest Savings Bank reported encouraging fourth-quarter results.
