Coty, Beyond Meat rise; Pfizer, Gilead Sciences fall
Posted June 1, 2020 4:26 pm.
Last Updated June 1, 2020 4:38 pm.
NEW YORK — Stocks that moved heavily or traded substantially on Monday:
Coty Inc., up 76 cents to $4.39.
The maker of Clairol is selling a majority stake in its hair care business to investment firm KKR.
Gilead Sciences Inc., down $2.67 to $75.16.
The latest results from the biotechnology company’s study of a potential COVID-19 treatment disappointed investors.
Beyond Meat Inc., up $10.40 to $138.69.
The company’s plant-based burger will be on the menu for a limited time at KFC and Taco Bell restaurants in China.
Zynga Inc., up 51 cents to $9.66.
The Farmville maker is buying mobile game maker Peak for $1.8 billion, and it raised revenue forecasts for the year.
Pfizer Inc., down $2.73 to $35.46.
The drug maker reported disappointing results from a study of Ibrance, its drug for early-stage breast cancer.
Target Corp., down $2.84 to $119.49.
Target is closing or reducing hours at some stores amid ongoing national protests against police brutality.
Micron Technology Inc., down $1.57 to $46.34.
Chipmakers will lobby the U.S. government for billions of dollars to help boost manufacturing, according to the Wall Street Journal.
Bank of America Corp., up 49 cents to $24.61.
Bond yields, which determine banks’ ability to charge lucrative interest on loans, rose.
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The Associated Press
