Canada Goose, PayPal rise; Cognizant, Grubhub fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday:
Merck & Co., down $1.29 to $76.03.
The pharmaceutical company's fourth-quarter profit fell short of analysts' forecasts and longtime CEO Ken Frazier is retiring.
Canada Goose Holdings Inc., up $7.73 to $42.90.
The high-end coat maker's fiscal third-quarter profit beat Wall Street forecasts as demand increased in China.
eBay Inc., up $3.08 to $61.12.
The e-commerce company gave investors a surprisingly good profit forecast after reporting strong fourth-quarter financial results.
Digital Turbine Inc., up $12.75 to $77.19.
The mobile software company reported solid third-quarter earnings as revenue surged.
Cognizant Technology Solutions Corp., down $4.65 to $74.69.
The information technology consulting and outsourcing firm reported disappointing fourth-quarter financial results.
International Paper Co., down $3.87 to $46.75.
The global paper and packaging company’s fourth-quarter profits fell short of Wall Street forecasts.
PayPal Holdings Inc. up $18.53 to $270.43.
The digital payments company reported a boost in payment volume and surprisingly good fourth-quarter earnings.
Grubhub Inc., down $2.47 to $72.32.
The online food ordering service reported a surprising fourth-quarter loss.