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Qualcomm, Carvana rise; DoorDash, Qorvo fall, Thursday, 5/2/2024


Stocks that are trading heavily or have substantial price changes on Thursday: Qualcomm, Carvana rise; DoorDash, Qorvo fall

NEW YORK — Stocks that are trading heavily or have substantial price changes on Thursday:

Qualcomm Inc. (QCOM), up $15.20 to $179.31.

The chipmaker gave investors an encouraging earnings and revenue forecast.

DoorDash Inc. (DASH), down $16.32 to $111.14.

The delivery company’s first-quarter loss was bigger than analysts expected.

Cognizant Technology Solutions Corp. (CTSH), up $1.04 to $66.41.

The information technology consultant beat Wall Street’s first-quarter financial forecasts.

Carvana Co. (CVNA), up $29.49 to $116.58.

The used car retailer reported surprisingly strong fiscal first-quarter earnings.

MGM Resorts International (MGM), up $1.05 to $40.80.

The casino and resort operator’s first-quarter financial results beat analysts’ forecasts.

Qorvo Inc. (QRVO), down $17.33 to $94.56.

The chipmaker gave investors a weaker forecast for the current quarter than Wall Street expected.

Paycom Software Inc. (PAYC), down $22.42 to $163.82.

The maker of human-resources and payroll software gave investors a weak revenue forecast for its current quarter.

C.H. Robinson Worldwide Inc. (CHRW), up $10.99 to $83.09.

The trucking company beat analysts’ first-quarter financial forecasts.



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