Shopify, Teva rise; Western Union, Lyft fall

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday:

Lyft Inc., down $5.48 to $48.46

The ride-hailing service disappointed investors by sticking to its long-term forecast for profitability by the end of 2021.

Akamai Technologies Inc., up $1.08 to $97.45

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The cloud services provider’s fourth-quarter profit and revenue beat Wall Street forecasts.

Western Union Co., down $2.11 to $26.13

The money transfer company’s profit and revenue fell short of analysts’ expectations.

Bed Bath & Beyond Inc., down $3.06 to $11.79

The retailer gave investors a disappointing sales update as fewer customers go to its stores.

Shopify Inc., up $38.50 to $531.25

The e-commerce company reported a surge in revenue that helped it blow away Wall Street’s fourth-quarter earnings forecasts.

PVH Corp., up $3.73 to $89.89

The owner of Calvin Klein and other brands reaffirmed its profit forecast for the year, despite the new coronavirus’ impact on sales.

Interpublic Group of Companies Inc., up $1.73 to $24.98

The advertising and marketing services company’s fourth-quarter profit and revenue beat Wall Street expectations.

Teva Pharmaeceuticals Industries Ltd., up $1.12 to $13.45

The generic drug company’s fourth-quarter profit and revenue beat Wall Street forecasts.

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