Nike, FedEx rise; Pebblebrook, Calavo Growers fall

December 21, 2022 GMT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:

Nike Inc., up $12.57 to $115.78.

The athletic apparel maker reported strong fiscal second-quarter financial results.

FedEx Corp., up $5.64 to $169.99.

The package delivery company’s fiscal second-quarter earnings beat Wall Street forecasts.

Pebblebrook Hotel Trust, down $1.23 to $13.20.

The hotel investment company cut its financial forecast.

Six Flags Entertainment Corp., up $2.46 to $23.38.

The amusement park operator is reportedly under pressure from activist shareholder Land & Buildings.

American Equity Investment Life Holding Co., up $2.25 to $45.37.

The annuity and insurance underwriter rejected a buyout offer from Prosperity Group Holdings and Elliott Investment Management.

Hess Corp., up $4.28 to $140.29.

Energy stocks gained ground along with crude oil prices.

Calavo Growers Inc., down $4.87 to $29.

The avocado grower reported weak fiscal fourth-quarter financial results.

Cintas Corp., up $20.45 to $464.39.

The uniform rental company reported strong fiscal second-quarter financial results.