Oracle, La-Z-Boy fall; General Motors, Rambus rise

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:

Oracle Corp., down $4.56 to $77.08.

Investors were disappointed by the software maker's first-quarter profit forecast.

La-Z-Boy Inc., down $4.94 to $37.34.

The furniture company warned investors that supply chain problems and higher materials prices could hurt profit margins.

General Motors Co., up 95 cents to $61.76.

The auto maker will raise its spending on electric and autonomous vehicles and add two U.S. battery factories.

Carnival Corp., up 67 cents to $29.28.

The cruise operator's Cunard line gave investors an encouraging update on its plan to resume operations.

Elanco Animal Health Inc., up $1.17 to $35.98.

The animal health company is buying Kindred Biosciences for about $440 million.

Rambus Inc., up $1.67 to $21.94.

The memory chip designer is buying back $100 million of its stock and purchasing digital technology company PLDA.

Magnachip Semiconductor Corp., down $1.58 to 24.07.

The chip products maker received an order from the U.S. government to halt its sale to Wise Road Capital, pending a review.

Regeneron Pharmaceuticals Inc., down $3.91 to $523.58.

The biotechnology company slipped, despite encouraging results from a study of its COVID-19 treatment.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
General Motors (GM)
4.8155 of 5 stars
$45.82+0.4%1.05%5.60Moderate Buy$54.38
Rambus (RMBS)
3.8912 of 5 stars
$59.23+1.9%N/A19.74Buy$77.75
Elanco Animal Health (ELAN)
3.8489 of 5 stars
$13.25+1.6%N/A-5.30Moderate Buy$16.71
Magnachip Semiconductor (MX)
3.4155 of 5 stars
$5.01+4.7%N/A-5.75Buy$10.00
Oracle (ORCL)
4.8582 of 5 stars
$117.21+2.0%1.37%30.93Moderate Buy$130.76
Regeneron Pharmaceuticals (REGN)
4.4595 of 5 stars
$883.20-0.8%N/A25.42Moderate Buy$977.77
La-Z-Boy (LZB)
1.8527 of 5 stars
$33.09-0.2%2.42%12.21N/A
Carnival Co. & (CCL)
4.9396 of 5 stars
$15.09-0.6%13.26%58.02Moderate Buy$21.47
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The primary takeaway from the report is that demand for AI infrastructure exceeds supply, Oracle is ramping supply as quickly as it can, and business momentum is building, driving shareholder value.

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