FedEx and Micron Technology rise; Philip Morris skids
NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday:FedEx Corp., up $8.53 to $251.07
The shipping company raised its profit forecast after a strong start to the holiday season.
Micron Technology Inc., up $1.77 to $45.75The chipmaker's profit and revenue were better than analysts had expected.
Union Pacific Corp., up $1.44 to $134.68Industrial companies did better than the rest of the market on Wednesday.
Philip Morris International Inc., down $2.68 to $104.37Reuters reported on irregularities with clinical studies on the company's iQOS smoking device, which is being reviewed by regulators.
Red Hat Inc., down $6.