Stocks that were heavily traded or significant price changes: Enerpac, 2U Rise; Herman Miller, Purple Innovation Fall
NEW YORK — Stocks that were heavily traded or had significant price changes:
Morgan Stanley from $2.94 to $90.64.
The investment bank and financial services firm doubled its quarterly dividend and approved a $12 billion stock buyback plan.
L Brands Inc. rose 24 cents to $71.21.
The company’s Victoria’s Secret unit, which it is spinning off, is offering to sell $500 million in senior notes through a private placement.
Purple Innovation Inc., down $1.16 to $26.79.
Mattress Company pulled its financial forecast for the year as it deals with mechanical and maintenance issues.
Enerpac Tool Group Corp., from $1.92 to $26.99.
The industrial products company’s fiscal third-quarter earnings and revenue beat analysts’ forecasts.
2U Inc., from $1.70 to $42.08.
Online education service provider is buying the entire assets of edX for $800 million.
Occidental Petroleum Corp., up 6 cents to $31.30.
The energy company said that it has started buying back the old notes.
Lenar Corp., from 81 cents to $99.22.
Homebuilders made a profit after a report showed that home prices rose in April.
Herman Miller Inc., down $3.32 to $44.63.
The furniture maker gave investors disappointing earnings estimates.