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Macy's and JD tumble while Energen and Canopy Growth rise

Macy's and JD tumble while Energen and Canopy Growth rise

NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday:

Macy's Inc., down $6.67 to $35.15

The retailer raised its annual forecasts but said its sales slipped in the second quarter. Inc., down $1.51 to $32.36

Technology companies slumped after Tencent, the most valuable Chinese technology company, said its profit fell in the second quarter.

Energen Corp., up $2.06 to $75.20

The oil and gas company agreed to be bought by Diamondback Energy for about $9 billion in stock.

Public Service Enterprise Group Inc., up 77 to $52.80

Utility companies, which pay big dividends, rose as bond yields dropped.

Freeport-McMoRan Inc., down $1.14 to $13.66

Mining companies fell along with metals prices, with copper falling to its lowest price in a year.

Chevron Corp., down $4.64 to $117.94

Energy company stocks tumbled as oil prices turned lower.

Canopy Growth Corp., up $7.49 to $32.11

Wine and beer maker Constellation Brands increased its investment in the cannabis company by $4 billion.

KMG Chemicals Inc., up $10.13 to $76.97

The chemical and materials maker is being acquired by Cabot Microelectronics for $1.23 billion.

Updated : 2021-07-25 11:10 GMT+08:00