Pilgrim’s Pride, JPMorgan Falls; Adobe, Smith & Wesson rise up


NEW YORK (AP) – Stocks that traded heavily or experienced substantial price changes on Friday:

Adobe Inc., up from $ 14.23 to $ 565.59.

The software maker gave investors encouraging earnings forecasts after reporting strong second-quarter financial results.

Pilgrim’s Pride Corp., down 36 cents to $ 21.25.

The poultry producer acquires the meat and meal business of Kerry Consumer Foods for $ 952 million.

Smith & Wesson Brands Inc., up $ 3.43 to $ 23.35.

The gunmaker posted strong fourth quarter financial results and increased its quarterly dividend.

Codexis Inc., up from $ 2.48 to $ 22.12.

The producer of custom industrial enzymes has raised its revenue forecast for the year.

Sykes Enterprises Inc., up $ 12.28 to $ 53.45.

The Sitel Group acquires the outsourcing services company for around $ 2.2 billion.

Fox Corp., up 34 cents to $ 35.78.

The Fox News owner has increased his share buyback plan by $ 2 billion.

JPMorgan Chase & Co., down $ 3.84 to $ 147.92.

Banks have been weighed down by falling bond yields, which may limit their ability to charge more lucrative interest on loans.

Intel Corp., down $ 1.51 to $ 55.67.

Tech stocks slipped amid heightened concerns about the Federal Reserve’s interest rate hike earlier than expected.

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