Morgan Stanley, Signet Jewelers rise; Alcoa, PPG fall
Posted Jan 16, 2020 04:24:36 PM.
NEW YORK — Stocks that moved heavily or traded substantially on Thursday:
Alcoa Corp., down $2.40 at $17.78.
The aluminum producer reported a big fourth-quarter loss and warned that an aluminum surplus is holding down prices.
XPO Logistics Inc., up $12.53 at $95.35.
The transportation and logistics company is considering a sale of one or more of its businesses.
Pearson PLC, down 68 cents at $7.36.
The publisher announced the resignation of its chief financial officer, a month after saying its CEO will leave.
Boise Cascade Co., up 2 cents at $38.52.
The company said retiring CEO Tom Corrick will be replaced by Nate Jorgensen.
Morgan Stanley, up $3.50 at $56.44.
The investment bank reported a jump in fourth-quarter profits on the strength of its trading desks.
PPG Industries Inc., down $3.33 at $127.41.
The paint and coatings maker’s fourth-quarter profit fell short of analysts’ forecasts.
Signet Jewelers Ltd., up $8.64 at $30.13.
The jewelry retailer raised its fourth-quarter profit forecast because of strong holiday season sales.
Bank of New York Mellon Corp., down $3.97 at $46.72.
The bank’s revenue fell short of Wall Street forecasts.
The Associated Press
