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Nike, Rite Aid fall; Darden Restaurants, Lumentum rise

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Nike, Rite Aid fall; Darden Restaurants, Lumentum rise

Stocks that traded heavily or had substantial price changes Thursday: Nike, Rite Aid fall; Darden Restaurants, Lumentum riseByThe Associated PressMarch 25, 2021, 8:20 PM• 1 min readNEW YORK — Stocks that traded heavily or had substantial price changes Thursday:RH, up $43.97 to $529.08.The furniture and housewares chain reported encouraging fourth-quarter profits and revenue.KB Home, up $1.01 to $44.40.The homebuilder’s first-quarter profit beat Wall Street forecasts.Rite Aid Corp., down $4.77 to $18.57.The drugstore chain trimmed its financial forecasts, citing a light cold and flu season along with the continued impact of COVID-19.Darden Restaurants Inc., up $10.97 to $144.90.The owner of Olive Garden and other chain restaurants gave investors a strong profit forecast after reporting solid third-quarter earnings.Pieris Pharmaceuticals Inc., up 8 cents to $2.58.Seagen made a $13 million investment in the the biotechnology company.Lumentum Holdings Inc., up $6.74 to $85.74.Coherent scrapped its $5.7 billion buyout bid for the maker of optical products for telecommunications and data centers.Capital One Financial Corp., up $3.96 to $127.87.Bond yields edged higher and boosted banks, which rely on higher yields to charge more lucrative interest on loans.Nike Inc., down $4.52 to $128.64.The sportswear brand faces a boycott in China over its comments on reports of forced labor in the Xinjiang region.


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