Oracle, Hasbro fall; Icosavax, Perion Network rise, Tuesday, 12/12/2023
Stocks that traded heavily or had substantial price changes on Tuesday:
Oracle Corp., down $14.32 to $100.81.
The software maker’s fiscal second-quarter revenue fell short of analysts’ forecasts.
Hasbro Inc., down 52 cents to $48.37.
The toy maker behind Play-Doh and My Little Pony is cutting about 1,100 jobs, or 20% of its workforce.
Choice Hotels International Inc., down $2.21 to $111.60.
The hotel operator is launching a hostile takeover offer for Wyndham Hotels & Resorts after repeated attempts to reach a deal were rebuffed.
Icosavax Inc., up $5.19 to $15.68.
AstraZeneca is buying the vaccine maker for about $838 million.
Perion Network Ltd., up $2.43 to $29.74.
The digital media company is buying Hivestack for up to $125 million.
Seagen Inc., up $7.30 to $228.90.
Pfizer said it has all the regulatory approvals needed to close its buyout of the biotechnology company.
Grocery Outlet, down $1.83 to $27.91.
The company selling discount, overstocked and closeout products said its chief financial officer, Charles Bracher, will step down next year.
Lucid Group Inc., down 39 cents to $4.22.
The electric vehicle company said its chief financial officer, Sherry House, resigned.