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Red Robin, Schlumberger and Lennar rise while Savara plunges

Posted on Thursday, June 13th, 2019 By The Associated Press

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

RH, up $15.02 to $109.91

The furniture and housewares company beat Wall Street's first quarter financial forecasts and raised its profit outlook for the year.

Lululemon Athletica Inc., up $3.63 to $174.52

The athletic apparel maker's first quarter profit and revenue beat analysts' forecasts and it lifted its full-year profit forecast.

Oxford Industries Inc., up $5.78 to $74.58

The owner of the Tommy Bahama and other clothing lines surpassed Wall Street's first quarter profit and revenue forecasts.

Lennar Corp., up 99 cents to $53.08

Homebuilders broadly rose as investor confidence for the housing sector remained solid amid historically low mortgage interest rates.

Savara Inc., down $7.95 to $2.62

The drug developer reported that its most important lung disease drug candidate failed to meet its main goal in a key study.

Schlumberger NV, up $1.21 to $36.79

The oil services company and its peers in the energy industry gained ground as the price of oil jumped.

Red Robin Burgers Inc., up $8.02 to $33.48

The burger chain disclosed that shareholder Vintage Capital Management made a buyout offer.

Walt Disney Co., up $6.02 to $141.74

Morgan Stanley forecasts that the media company's direct-to-consumer business will grow faster than previously expected.

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