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Company News for May 13, 2022

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  • AmerisourceBergen Corporation’s (ABC - Free Report) shares fell 6% after its largest investor, Walgreens Boots Alliance, Inc. (WBA - Free Report) sold $900 million worth of its stake in the company.
  • Shares of Coinbase Global, Inc. (COIN - Free Report) surged 8.9% after its CEO said that bankruptcy was not likely despite the recent plunge in the crypto market.
  • Shares of Constellation Energy Corporation (CEG - Free Report) dropped 6.8% after the company reported first-quarter 2022 earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.70 per share.
  • Tapestry, Inc.’s (TPR - Free Report) shares jumped 15.5% after the company reported third-quarter 2022 revenues of $1.44 billion, beating the Zacks Consensus Estimate of $1.42 billion.