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BBBY, Logitech, American Airlines, Disney and More Stock: These Stocks Are Moving the Most Thursday

Dow Jones2023-01-13

The stock market rose Thursday after inflation data fell in line with forecasts, boosting hopes the Federal Reserve will slow the pace of interest rate hikes.

These stocks made moves Thursday:

Bed Bath & Beyond (ticker: BBBY) stock soared another 50.1% to $5.24, after the beaten-down homegoods retailer posted disappointing financial results for its fiscal third quarter. The latest news is that Bed Bath & Beyond begins talks on bankruptcy loan, takeover.

Logitech International (LOGI) fell 16.9% after the Swiss computer equipment company cut its fiscal-year outlook, saying it expects sales to decline between 13% and 15% vs. previous expectations for a sales decline of between 4% and 8%.

Cinemark Holdings (CNK) rose 10% after an analyst at J.P. Morgan upgraded shares of the movie-theater chain to Overweight from Neutral.

American Airlines Group (AAL) raised its fourth-quarter financial guidance Thursday. The stock jumped 9.7%.

American depositary receipts of Taiwan Semiconductor Manufacturing (TSM) rose 6.4% after the world’s largest contract chip maker reported record fourth-quarter profit. Taiwan Semi warned, however, ofwaning demand in 2023.

Lucid Group (LCID) stock was up 4.8% after the electric-vehicle maker reported fourth-quarter vehicle production results that brought the total production number for 2022 over management’s guidance.

Walt Disney (DIS) rose 3.6%. The entertainment giant is gearing up for a boardroom battle with activist investor Nelson Peltz after the company opposed the billionaire’s efforts to join its board.

KB Home (KBH) declined 2.8% after the home builder reported weaker-than-expected fourth-quarter earnings, and net orders of 692 dropped sharply from 3,529 a year earlier and missed estimates.

Roku (ROKU) rose 0.4% after shares of the streaming device company were downgraded to Underperform from Hold from an analyst at Jefferies. The same analyst upgraded shares of Netflix (NFLX) to Buy from Hold. Netflix rose 0.9%.

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