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Nike, Western Digital rise; Stitch Fix, Steelcase fall

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

3M Co., down $2.83 to $159.51.

The maker of adhesives and protective equipment is considering selling its food safety business, according to media reports.

Lululemon Athletica Inc., up $3.17 to $316.77.

The athletic apparel company will resume stock buybacks.

Western Digital Corp., up $2.45 to $38.92.

The hard drive maker is forming separate business units for its Flash and HDD technology assets.

Stitch Fix Inc., down $4.87 to $26.51.

The online clothing retailer reported a surprisingly big fiscal fourth-quarter loss.

Steelcase Inc., down $1.51 to $9.84.

The office furniture maker gave investors a disappointing revenue forecast as orders decline in its fiscal third quarter.

Beazer Homes USA Inc., down 49 cents to $11.65.

The home builder said orders jumped 37% during the first two months of its fiscal fourth quarter.

Johnson & Johnson, up 23 cents to $144.44.

The health care company began a study of a potential COVID-19 vaccine with partner Janssen Pharmaceutical.

Nike Inc., up $10.24 to $127.11.

The world’s largest sports apparel maker handily beat Wall Street’s fiscal first-quarter profit forecasts on strong online sales.

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Companies Mentioned in This Article

CompanyMarketRankâ„¢Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Johnson & Johnson (JNJ)
4.7807 of 5 stars
$163.650.4%3.18%17.50Moderate Buy$172.87
Stitch Fix (SFIX)
3.0638 of 5 stars
$4.626.5%N/A-10.04Hold$5.67
Steelcase (SCS)
4.9289 of 5 stars
$10.18-1.3%3.93%9.88Moderate Buy$16.00
Beazer Homes USA (BZH)
4.8473 of 5 stars
$23.28-0.4%N/A7.53Hold$32.33
lululemon athletica (LULU)
4.8166 of 5 stars
$229.77-1.5%N/A15.57Moderate Buy$338.73
Western Digital (WDC)
4.8166 of 5 stars
$68.001.5%0.59%12.88Moderate Buy$65.26
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