Home Depot, KB Home Fall; Fabricate, Modern Rise

NEW YORK: Stocks that traded heavily or made substantial price changes on Tuesday:

Home Depot Inc., down from $14.30 to $320.75.

The home improvement retailer fell short of analysts’ forecasts for a key sales measure during the second quarter.

Fabrinet, from $6.96 to $96.46.

The company, which assembles electronic components for other companies, reported strong fiscal fourth-quarter financial results.

Modern Inc., from $28 to $401.86.

US health experts may recommend a COVID-19 vaccine booster for all Americans eight months after receiving a second shot.

Walmart Inc., fell 5 cents to $150.70. came on

A broad slide for the shares weighed on the retailer, despite raising sales forecasts for the year.

Kroger Co., from $1.99 to $45.44.

Billionaire investor Warren Buffett’s Berkshire Hathaway Holding Company increased its investment in the grocery giant.

KB Home fell from $1.74 to $41.67.

The National Association of Homebuilders reported low confidence from home builders because supply chain problems drive up construction costs.

Ralph Lauren Corp., down $3.29 to $119.21.

Clothing makers and retailers slipped after the Commerce Department reported weak retail sales in July.

Alibaba Group Holding Ltd., down $8.98 at $173.73.

The Chinese e-commerce company faces tough competition rules from regulators in Beijing.

Disclaimer: This post has been self-published from the agency feed without modification and has not been reviewed by an editor

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