Stocks that Traded Heavily or Had Substantial Price Changes on Wednesday
UBS Group AG
Shares of UBS Group AG rose by 83 cents to $20.10 on Wednesday. The bank announced that it is bringing back former CEO Sergio Ermotti to carry out a government-orchestrated takeover of struggling rival Credit Suisse.
Lululemon Athletica Inc.
Lululemon Athletica Inc. saw its stock price surge by $40.73 to $361.04 on Wednesday. The workout wear brand gave investors a reason to cheer with its latest earnings report, which exceeded expectations.
Other Stocks to Watch
- Apple Inc. – The tech giant’s stock fell by 1.3% on Wednesday, as investors reacted to news that the company is facing a lawsuit over its App Store fees.
- Microsoft Corp. – Shares of Microsoft Corp. dropped by 1.6% on Wednesday, amid concerns about the company’s ability to meet demand for its Xbox Series X and S consoles.
- Tesla Inc. – Tesla Inc.’s stock price fell by 4.4% on Wednesday, after the electric vehicle maker announced that it is recalling nearly 6,000 vehicles due to safety concerns.
In this news end,it was a mixed day for the stock market, with the S&P 500 and Nasdaq Composite both ending the day slightly lower, while the Dow Jones Industrial Average rose by 0.6%. Investors continue to keep a close eye on the ongoing COVID-19 pandemic, as well as the latest economic data and corporate earnings reports.