Ollie’s, Cummins post gains while GameStop, Home Depot fall

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday:

Ollie’s Bargain Outlet Holdings Inc., up $9.03 to $69.33

The retailer named John Swygert as its new CEO and reported surprisingly strong third-quarter profit and revenue.

Schlumberger Ltd., up $1.06 to $38.40

The oilfield services company said Simon Ayat is stepping down as chief financial officer and will be replaced by Stephane Biguet.

GameStop Corp., down 98 cents to $5.53

The video game retailer cut its profit forecast for the year after reporting a surprising loss in the third quarter.

American Water Works Co., down $1.45 to $120.90

The water utility gave investors a weak profit forecast for 2020 and CEO Susan Story is retiring.

Chevron Corp., down $1.66 to $116.23

The energy company will book a charge of at least $10 billion because lower long-term prices for oil and natural gas will reduce the value of its assets.

Cummins Inc., up $2.46 to $182.11

The engine maker said it will buy back another $2 billion of its stock when its current repurchase program is complete.

American Eagle Outfitters Inc., down 99 cents to $14.13

The clothing chain posted solid third-quarter results but noted it saw softer demand for certain apparel categories.

Home Depot Inc., down $3.90 to $212

The nation’s largest home improvement retailer issued a weak sales forecast for fiscal 2020.

Copyright © 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

More from WTOP

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

Sign up