Paychex, Tesla rise; CalAmp, Allakos fall

Stocks that traded heavily or had substantial price changes Wednesday:

Allakos Inc., down $75.84 to $8.55.

Investors were disappointed with the biotechnology company’s latest update on its drug development program.

CalAmp Corp., down $2.55 to $7.34.

The wireless communications company reported disappointing third-quarter financial results.

AAR Corp., up 90 cents to $38.05.

The airplane maintenance company announced a $150 million stock buyback program.

Lennar Corp., up $3.63 to $112.35.

Homebuilders gained ground following a report that showed home sales rose for a third straight month.

Paychex Inc., up $6.98 to $133.41.

The payroll processor and human-resources services provider beat analysts’ fiscal second-quarter profit forecasts.

Devon Energy Corp., up 98 cents to $42.29.

Energy stocks gained ground on rising natural gas and oil prices.

Whirlpool Corp., up $2.95 to $224.33.

A wide range of consumer-focused companies gained ground following an encouraging report on consumer confidence.

Tesla Inc., up $70.34 to $1,008.87.

CEO Elon Musk reportedly said he sold enough stock to reach his goal of selling 10% of his stake in the electric vehicle maker.

Copyright © 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Related Categories:

Business & Finance

Like WTOP on Facebook and follow WTOP on Twitter and Instagram to engage in conversation about this article and others.

Get breaking news and daily headlines delivered to your email inbox by signing up here.

© 2022 WTOP. All Rights Reserved. This website is not intended for users located within the European Economic Area.

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up