Alector, Virgin Galactic rise; Arrowhead, Boeing fall

Stocks that traded heavily or had substantial price changes Friday:

Alector Inc., up $12.80 to $35.21.

The biotechnology company is collaborating with GlaxoSmithKline to develop treatments for diseases including Parkinson’s disease and Alzheimer’s disease.

Virgin Galactic Holdings Inc., up $1.75 to $44.94.

The spaceflight company’s next test flight is scheduled for July 11 and will include founder Richard Branson.

J. Alexander’s Holdings Inc., up $1.54 to $13.80.

The upscale restaurant operator is being bought by SPB Hospitality for about $220 million.

Arrowhead Pharmaceuticals Inc., down $21.83 to $63.13.

The pharmaceutical company is pausing a study on a potential cystic fibrosis treatment.

Boeing Co., down $3.05 to $236.68.

One of the airplane maker’s 737 cargo planes reportedly made an emergency landing in Hawaii because of engine trouble.

Citigroup Inc., down 60 cents to $70.41.

Banks were weighed down by falling bond yields, which they rely on to charge more lucrative interest on loans.

United Airlines Holdings Inc., down 31 cents to $52.77.

The Transportation Department will propose that airlines be required to refund fees on checked baggage if they aren’t delivered to passengers quickly enough.

Tesla Inc., up 98 cents to $678.90.

Tesla delivered 201,250 electric vehicles in the second quarter as it overcame a global computer chip shortage.

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up