MGM Resorts, Sonos rise; Mattel, Affirm Holdings fall

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

The Walt Disney Co., down $1.42 to $110.36.

The media and amusement park giant announced layoffs and a cost-savings plan.

Affirm Holdings Inc., down 2.73 to $13.29.

The digital commerce platform cut its revenue forecast for the year.

Mattel Inc., down $2.19 to $18.31.

The maker of Barbie and Hot Wheels slashed its profit forecast for the year.

AppLovin Corp., up $3.43 to $16.11.

The mobile app technology company gave investors an encouraging revenue forecast for the current quarter.

Tapestry Inc., up $1.50 to $44.71.

The owner of the Coach and Kate Spade fashion brands reported strong fiscal second-quarter earnings.

MGM Resorts International, up $2.67 to $44.10.

The owner of the Bellagio, Luxor and other Las Vegas casinos reported strong fourth-quarter revenue.

Sonos Inc., up $2.94 to $20.80.

The maker of wireless speakers and home audio equipment handily beat analysts’ fiscal first-quarter profit forecasts.

Sumo Logic Inc., down 28 cents to $11.90.

Francisco Partners is buying the software company for about $1.7 billion.

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 This material may not be published, broadcast, written or redistributed.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