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Company News for Sep 19, 2022

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  • Shares of Arconic Corporation declined 4.8% after the company trimmed its annual forecast owing to a rise in a number of production costs and higher energy prices in Europe.
  • Exxon Mobil Corporation’s (XOM - Free Report) shares declined 1.7% after oil prices continued to decline for the third straight week.
  • Shares of Amazon.com, Inc. (AMZN - Free Report) fell 2.2% after transport stocks took a hit on concerns of slowing global shipment volumes which may lead to an economic slowdown.
  • Bowlero Corp.’s (BOWL - Free Report) shares jumped 7.5% after the company reported fourth-quarter fiscal 2022 earnings of $0.09 per share surpassing the Zacks Consensus Estimate of $0.02 per share.

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