Walmart, Shopify fall; 3M, GE rise

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Stocks that traded heavily or had substantial price changes Tuesday:

Shutterstock Inc., down $4.68 to $54.40.

The stock images and video provider posted second-quarter sales and profit that missed Wall Street expectations.

Walmart Inc., down $10.04 to $121.98.

The retail giant cut its profit outlook, saying rising prices for food and gas are forcing shoppers to cut back on higher-margin goods.

3M Co., up $6.63 to $140.75.

The maker of Post-it notes reported second-quarter earnings that beat Wall Street's forecasts and said it will spin off its health care business.

General Electric Co., up $3.15 to $71.51.

The industrial conglomerate's strong results were fueled by strong sales and improved margins at its aviation business.

Hubbell Inc., up $8.55 to $204.08.

The seller of lighting fixtures delivered second-quarter earnings and revenue that exceeded analysts' forecasts and raised its full-year guidance.

Shopify Inc., down $5.16 to $31.55.

The online store will cut about 1,000 employees as it reckons with an unexpected sales downturn after pandemic-fueled growth.

Aaron’s Co., down $2.37 to $13.13.

The Atlanta-based lease-to-own appliance store lowered its profit guidance and warned it expects inflation to hurt demand.

Coinbase Global Inc., down $14.14 to $52.93.

The cryptocurrency trading platform is facing a Securities and Exchange Commission probe over its cryptocurrency listings, according to a report.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Hubbell (HUBB)
2.7214 of 5 stars
$388.00+2.1%1.26%28.93Moderate Buy$386.57
General Electric (GE)
4.661 of 5 stars
$167.94+2.3%0.67%55.06Moderate Buy$172.29
Shopify (SHOP)
0.1471 of 5 stars
C$105.68+3.8%N/A812.92Moderate BuyC$89.25
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