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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)
4.8767 of 5 stars
$157.720.9%3.30%17.54Moderate Buy$171.00
Stitch Fix (SFIX)
2.8705 of 5 stars
$4.090.5%N/A-8.89Hold$5.67
Steelcase (SCS)
4.8309 of 5 stars
$10.901.9%3.67%10.58Moderate Buy$16.00
Beazer Homes USA (BZH)
4.9113 of 5 stars
$24.651.3%N/A7.98Hold$32.33
lululemon athletica (LULU)
4.737 of 5 stars
$238.521.1%N/A16.16Moderate Buy$338.73
Western Digital (WDC)
4.4805 of 5 stars
$65.060.6%0.61%12.32Moderate Buy$63.26
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