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FB Financial, Restaurant Brands fall; Synopsys, InterDigital rise, Tuesday, 1/16/2024
NEW YORK (AP) — Stocks that are trading heavily or have substantial price changes on Tuesday:
PNC Financial Services Group Inc., up 10 cents to $149.02.
The bank's fourth-quarter earnings fell short of Wall Street forecasts, but it reported encouraging revenue.
Synopsys Inc., up $15.28 to $509.68.
The maker of chip-testing software is buying Ansys in a cash-and-stock deal valued at about $35 billion.
Restaurant Brands International Inc., down $2.62 to $75.83.
Burger King's parent company is buying its biggest franchisee in the U.S., Carrols Restaurant Group, for about $1 billion.
InterDigital Inc., up 50 cents to $103.86.
The wireless research and development company gave investors a strong earnings forecast.
Morgan Stanley, down $3.73 to $85.97.
The investment bank's fourth-quarter earnings fell short of Wall Street forecasts.
FB Financial Corp., down $1.51 to $36.85.
The bank holding company's fourth-quarter revenue fell short of analysts' forecasts.
Goldman Sachs Group Inc., up $2.70 to $380.45.
The investment bank beat analysts' fourth-quarter earnings and revenue forecasts.
Newmont Corp., down $1.63 to $36.01.
The gold miner slipped along with prices for the precious metal.
