Stocks that traded heavily or had significant price changes on Wednesday: MarketAxess, Valero decline, Steel Dynamics, LGI Homes rise
Stocks that traded heavily or had significant price changes on Wednesday:
Smart Global Holdings Inc., from $8.47 to $56.02.
The computer memory technology company gave investors an encouraging profit forecast.
Steel Dynamics Inc., from $3 to $61.22.
The steel producer increased its stock buyback program by $1 billion.
MarketAccess Holdings Inc., down $21.72 to $450.08.
Investors were disappointed with the bond trading platform operator’s latest volume and transaction fee updates.
LGI Homes Inc., from $6.67 to $168.74.
The homebuilder gave investors an encouraging update on home closings in June.
Valero Energy Corp., down $2.39 to $72.31.
Energy stocks have fallen on the back of a drop in oil prices.
Citigroup Inc., down 28 cents at $67.93.
Bond yields continued to fall, reducing the ability of banks to charge more attractive interest on loans.
Dollar General Corp., up $3.10 to $221.50.
The discount retailer said it is expanding its offering of healthcare products, including over-the-counter drugs.
The Clorox Company, from $4.07 to $185.37.
The bleach and home product maker posted gains as investors shifted money toward more defensive stocks.