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L Brands, Oxford Industries rise; MSG Networks, NIO fall

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L Brands, Oxford Industries rise; MSG Networks, NIO fall

Stocks that traded heavily or had substantial price changes Friday: L Brands, Oxford Industries rise; MSG Networks, NIO fallByThe Associated PressMarch 26, 2021, 8:22 PM• 1 min readNEW YORK — Stocks that traded heavily or had substantial price changes Friday:NIO, down $1.81 to $36.13.The Chinese electric vehicle maker is temporarily suspending production because of a computer chip shortage.Science Applications International Corp., down $15.89 to $80.The Reston, Virginia-based technology engineering company gave investors a weak profit forecast.L Brands Inc., up $2.17 to $61.60.The owner of Victoria’s Secret, Bath & Body Works and other chains raised its first-quarter profit forecast.MagnaChip Semiconductor Corp., up $5.60 to $26.01.The chipmaker is being bought by Wise Road Capital for about $1.4 billion.Oxford Industries Inc., up $5.75 to $88.39.The owner of Tommy Bahama, Lilly Pulitzer and other clothing brands gave investors an encouraging profit forecast.Progress Software Corp., up $2.47 to $44.27.The business software maker’s fiscal first-quarter profit and revenue beat Wall Street forecasts.MSG Networks Inc., down $1.32 to $16.06.The cable sports channel is being reacquired by the owner of Madison Square Garden.Macerich Co. up 4 cents to $12.18.The California-based mall owner reached new agreements with its lenders and sold a majority stake in Arizona’s Paradise Valley Mall.


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