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Arcellx, Alibaba Group fall; Etsy, Rivian Automotive rise, Tuesday, 6/20/2023
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Tuesday:
Alibaba Group Holding Ltd., down $4.17 to $87.93.
The online retailer named Eddie Wu, chairman of its e-commerce group, to succeed Daniel Zhang as CEO.
Etsy Inc., up $1.59 to $96.19.
The online crafts marketplace's board of directors approved a new $1 billion stock buyback program.
Lazard Ltd., up 57 cents to $32.67.
Abu Dhabi's ADQ wealth fund reportedly considered buying the financial advisor and asset management firm, but talks fell apart.
Arcellx Inc., down $2.57 to $33.23.
The biotechnology company gave investors a disappointing update on a potential blood cancer treatment.
Dice Therapeutics Inc., up $12.59 to $46.44.
Eli Lilly is buying the biopharmaceutical company.
Rivian Automotive Inc., up 82 cents to $15.70.
The electric vehicle maker signed an agreement to join Tesla’s charging network.
PayPal Holdings Inc., up $2.46 to $68.89.
Investment company KKR is buying a portion of the digital payments company's “buy now, pay later” loans in Europe.
Hess Corp., down $3.20 to $132.36.
Energy companies slipped along with falling crude oil prices.
