Disney, Netflix and Fossil tumble while Green Dot rises
Posted August 9
NEW YORK — Stocks that moved substantially or traded heavily on Wednesday:
Walt Disney Co., down $4.15 to $102.83
The media company reported disappointing revenue as cable-network profits fell.
Netflix Inc., down $2.58 to $175.78
Disney said it will end an exclusive deal with Netflix and launch its own streaming services.
Priceline Group Inc., down $142.20 to $1,906.80
The online booking service gave a third-quarter forecast that came up short of analysts' estimates.
Fossil Group Inc., down $2.97 to $8.87
The watch maker had a poor second quarter and took a huge charge.
Lockheed Martin Corp., up $5.12 to $305.22
Tensions between the U.S. and North Korea lifted stock of defense contractors.
Green Dot Corp., up $5.57 to $45.92
The prepaid debit card company raised its profit and revenue forecasts and gave more details about its partnership with Apple.
Office Depot Inc., down $1.58 to $4.53
The office supply company's second-quarter results fell short of Wall Street's projections.
Charles Schwab Corp., down 62 cents to $42.02
Financial companies and banks fell Wednesday as bond yields and interest rates dropped.