Pilgrim’s Pride, JPMorgan fall; Adobe, Smith & Wesson rise

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday:

Adobe Inc., up $14.23 to $565.59.

The software maker gave investors an encouraging profit forecast after reporting strong second-quarter financial results.

Pilgrim’s Pride Corp., down 36 cents to $21.25.

The poultry producer is buying the meats and meals business of Kerry Consumer Foods for $952 million.

Smith & Wesson Brands Inc., up $3.43 to $23.35.

The firearm maker reported strong fiscal fourth-quarter financial results and raised its quarterly dividend.

Codexis Inc., up $2.48 to $22.12.

The producer of custom industrial enzymes raised its revenue forecast for the year.

Sykes Enterprises Inc., up $12.28 to $53.45.

Sitel Group is buying the outsourcing services company for about $2.2 billion.

Fox Corp., up 34 cents to $35.78.

The owner of Fox News increased its stock buyback plan by $2 billion.

JPMorgan Chase & Co., down $3.84 to $147.92.

Banks were weighed down by falling bond yields, which can crimp their ability to charge more lucrative interest on loans.

Intel Corp., down $1.51 to $55.67.

Technology stocks slipped over heightened concerns about the Federal Reserve raising interest rates sooner than expected.

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