Oracle, GameStop rise; Methode Electronics, Zions fall, Tuesday, 6/13/2023
NEW YORK — Stocks that traded heavily or had substantial price changes on Tuesday:
Oracle Corp. (ORCL), up 25 cents to $116.68.
The software maker beat Wall Street's fiscal fourth-quarter earnings and revenue forecasts.
Zions Bancorp. (ZION), down 47 cents to $29.77.
Investors were disappointed by the regional bank's update to its financial forecast.
Bunge Ltd. (BG), up $2.38 to $96.17.
The agribusiness and food company is buying Viterra in a deal valued at approximately $18 billion.
GameStop Corp. (GME), up $2.65 to $26.95.
Executive chairman Ryan Cohen increased his stake in the video game retailer.
Smart Global Holdings Inc. (SGH), up $1.92 to $25.66.
The manufacturer of computing components is selling 81% of its interest in SMART Brazil for about $166 million on cash.
Patterson-UTI Energy Inc. (PTEN), up 73 cents to $11.51.
The oilfield services company is reportedly considering a deal with NexTier Oilfield Solutions.
Methode Electronics Inc. (MEI), down $8.17 to $36.90.
The maker of technology for user interface and power distribution systems gave investors a disappointing financial update.
Marathon Oil Corp. (MRO), up 9 cents to $23.34.
Energy companies gained ground along with rising oil prices.
Out East Show: LI Aquarium, Patty's Berries and Bunches, Palmer Vineyards NewsdayTV's Doug Geed shows us some great spots 'Out East' to visit this summer.
Out East Show: LI Aquarium, Patty's Berries and Bunches, Palmer Vineyards NewsdayTV's Doug Geed shows us some great spots 'Out East' to visit this summer.
