Spirit Airlines, Microsoft fall; Tilray, Landstar rise

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:

Landstar System Inc., up $1.25 to $142.27.

The freight shipper raised its first-quarter revenue forecast.

Spirit Airlines Inc., down 64 cents to $26.28.

JetBlue Airways offered to buy its rival budget airline for about $3.6 billion, possibly scuppering Spirit’s merger with Frontier Airlines.

Smart Global Holdings Inc., up $1.07 to $24.24.

The technology company reported strong fiscal second-quarter financial results.

Gogo Inc., up $1.46 to $20.65.

The in-flight internet provider will replace SPX FLOW in the S&P SmallCap 600 prior to the opening of trading on April 8.

Tilray Brands Inc., up 22 cents to $7.25.

The cannabis company reported surprisingly good fiscal third-quarter earnings.

RPM International Inc., up $4.04 to $87.16.

The specialty chemicals company beat Wall Street’s fiscal third-quarter earnings and revenue forecasts.

Microsoft Corp., down $11.38 to $299.50.

Technology companies slipped as Wall Street prepares for higher interest rates, which tend to hurt stocks that are seen as the priciest.

Home Depot Inc., down $6.32 to $298.54.

Concerns about rising inflation weighed on retailers and other companies that rely on direct consumer spending.

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 This material may not be published, broadcast, written or redistributed.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