Entertainment

Costco, AMC Entertainment, Constellation Brands and more By Investing.com


© Reuters.

By Liz Moyer

Investing.com — Stocks turned positive on Thursday as investors shrugged off weak labor data to end the holiday-shortened trading week on a positive note. Here are the midday movers for April 6.

  • Costco Wholesale Corp (NASDAQ:) shares fell 2% after the warehouse retailer disappointing same-store sales numbers for March. Same-store sales dipped 1.1% last month after rising 3.5% in February.
  • AMC Entertainment Holdings Inc (NYSE:) shares jumped 20% after a judge denied the movie theater chain’s attempt to accelerate a settlement over the conversion of preferred shares to common stock.
  • Constellation Brands Inc (NYSE:) shares rose 1.2% after the spirits, wine, and beer maker raised its dividend and for earnings per share, though beer and wine sales were down from the same time last year.
  • Bed Bath & Beyond Inc (NASDAQ:) shares fell 6.9% after it proposed a shareholder vote on a reverse stock split as it continues to maneuver to avoid bankruptcy. 

  • Lamb Weston Holdings Inc (NYSE:) shares rose 2.7% after the maker of frozen french fries and other potato products for the restaurant and retail industries raised its guidance for earnings and sales for the year. 

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