Netflix, Progressive rise; Texas Instruments, Kimberly-Clark fall, Wednesday, 1/24/2024
NEW YORK — Stocks that are trading heavily or have substantial price changes on Wednesday:
Netflix Inc. (NFLX), up $58.32 to $550.51.
The streaming entertainment giant gave investors a strong earnings forecast for its current quarter.
ASML Holding NV (ASML), up $70.74 to $849.13.
The equipment supplier to semiconductor makers beat analysts’ fourth-quarter earnings and revenue forecasts.
Texas Instruments Inc. (TXN), down $3.66 to $170.68.
The chipmaker gave investors a disappointing profit and revenue forecast for the current quarter.
Freeport-McMoRan (FCX), up $2 to $40.17.
The mining company beat analysts’ fourth-quarter earnings and revenue forecasts.
Kimberly-Clark Corp. (KMB), down $5.08 to $119.88.
The maker of Huggies diapers and Kleenex tissue reported disappointing fourth-quarter financial results.
eBay Inc. (EBAY), up 15 cents to $41.56.
The online retailer will cut about 1,000 jobs, or an estimated 9% of its full-time workforce.
Elevance Health Inc. (ELV), up $10.90 to $483.06.
The health insurer’s fourth-quarter earnings and revenue beat analysts’ forecasts.
Progressive Corp. (PGR), up $8.67 to $178.99.
The insurance company reported encouraging fourth-quarter financial results.
