A technician inspects a stack of wafers at the Applied Materials facility in Santa Clara, California.
David Paul Morris | Bloomberg | Getty Images
Here are the stocks making the headlines on Thursday, August 18th.
Bed Bath & Beyond – Shares in the struggling retailer fell about 38% after activist investor Ryan Cohen announced he had exited his position entirely. Cohen said in a filing earlier this week that he intends to sell his shares and call options.
Applied Materials — Shares of the semiconductor company rose about 2% after Applied Materials beat estimates for sales and earnings for the fiscal third quarter. The company’s guidance for fourth-quarter revenue also beat expectations.
Bill.com — Shares of the bill payment company shot up 20% after the company’s fourth-quarter results beat Wall Street expectations, according to FactSet’s StreetAccount. The company also announced a new chief product officer and chief operating officer and said it expects to be profitable on an adjusted basis in the new fiscal year.
Madison Square Garden Entertainment – Stock rose more than 7% after Madison Square Garden Entertainment announced it was exploring a spin-off of its eponymous arena and other assets.