Palo Alto, Earthstone Energy rise; Napco Security, Nikola fall, Monday, 8/21/2023

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

Napco Security Technologies Inc., down $17.30 to $21.11.

The maker of electronic security devices overstated its net income throughout fiscal 2023.

Sculptor Capital Management Inc., up 61 cents to $11.81.

The hedge fund rejected an unsolicited takeover bid and expects its sale to Rithm Capital to close in the fourth quarter.

Nikola Corp., down 45 cents to $1.51.

The electric vehicle maker announced an offering of bonds and said a recall could result in significant expenses.

Palo Alto Networks Inc., up $31.12 to $240.81.

The security software maker beat analysts’ fiscal fourth-quarter earnings forecasts.

VMware Inc., up $7.61 to $162.48.

Broadcom received U.K. regulatory approval for its acquisition of the cloud computing company.

Regeneron Pharmaceuticals Inc., up $31.97 to $844.37.

U.S. regulators OK’d the biopharmaceutical company’s higher dose formula of an eye disease drug Eylea.

Earthstone Energy Inc., up $2.71 to $18.94.

Permian Resources is buying the oil and gas company.

Goldman Sachs Group Inc., down $2.87 to $322.06.

The investment bank is reportedly considering selling its investment advisory business.

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