Neftlix, Alphabet rise; Lilly, Concentrix fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday:
Alphabet Inc., up $4.97 to $98.02.
Google’s owner is cutting 12,000 jobs, about 6% of its workforce, the latest tech company to trim staff.
Netflix Inc., up $26.72 to $342.50.
Subscriber growth is surging again at the streaming video pioneer, an early sign that its ad-supported service is keeping it competitive.
Eli Lilly Inc., down $5.01 to $346.07.
Regulators said they need more data on the company’s application for a quick approval of potential Alzheimer’s disease treatment.
Playtika Holding Corp., up 71 cents to $10.20.
The Israeli mobile game editor is offering to buy Rovio Entertainment Corp., the maker of “Angry Birds.”
Wayfair Inc., up $7.88 to $46.79.
The online home furnishings store said it was cutting 1,750 jobs, or 10% of its workforce, as part of a cost-cutting program.
PPG Industries Inc., up $7.40 to $131.
The maker of paints and coatings reported results that beat analysts’ estimates.
Regions Financial Corp., up $1 to $22.69.
The Alabama-based bank reported results that came in ahead of what Wall Street analysts expected.
Concentrix Corp. down 97 cents to $141.99.
The business services company reported results that fell short of Wall Street’s expectations.
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