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Company News for May 22, 2023

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  • Shares of Morgan Stanley (MS - Free Report) decreased 2.7% after the company’s CEO James Gorman announced that he would be stepping down from the role in the next 12 months.
  • Shares of Devon Energy Corporation (DVN - Free Report) rose 1.9% on energy prices going up.
  • Netflix, Inc.’s (NFLX - Free Report) shares slid 1.6% as consumer discretionaries became the hardest-hit sector on Friday.
  • Shares of Foot Locker, Inc. (FL - Free Report) plummeted 27.2% after reporting first-quarter 2023 adjusted earnings of $0.70 per share, missing the Zacks Consensus Estimate of $0.78.

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consumer-discretionary finance