Cisco Systems, Chegg rise; Hawaiian Electric, CVS Health fall, Thursday, 8/17/2023

N EW YORK (AP) — Stocks that traded heavily or had substantial price changes on Thursday:

Cisco Systems Inc. (CSCO), up $1.77 to $54.73

The maker of networking equipment reported stronger profit and revenue for the latest quarter than analysts expected.

Hawaiian Electric Industries Inc. (HE), down $2.18 to $12.03

Apparent evidence continues to surface that the utility's power lines may have set off the deadly Maui fires last week.

CVS Health Corp. (CVS), down $5.92 to $66.80

The Wall Street Journal reported that Blue Shield of California is planning to drop CVS Caremark as pharmacy-benefits manager.

Ball Corp. (BALL), up 89 cents to $55.40

The maker of aluminum packaging is selling its aerospace business to BAE Systems for $5.6 billion.

Avnet Inc. (AVT), up $3.63 to $48.58

The maker of electronic components reported much stronger results for its latest quarter than analysts were expecting.

Wolfspeed Inc. (WOLF), down $9.07 to $44.10

The chipmaker reported a big loss and forecast future results that were worse than markets expected.

Chegg Inc. (CHGG), up $1.08 to $10.61

The textbook rental company increased its stock buyback program by $200 million.

Paycor HCM Inc. (PYCR), down 96 cents to $21.91

The human resources and payroll services provider forecast quarterly sales and profits below analysts' estimates.