Sovos Brands, Elanco Animal Health rise; Tyson Foods, Gogo fall, Monday, 8/7/2023
NEW YORK (AP) — Stocks that are trading heavily or have substantial price changes on Monday:
Sovos Brands Inc. (SOVO), up $4.50 to $22.52.
Campbell Soup is buying the maker of Rao’s pasta sauces in a deal worth about $2.7 billion.
Veritiv Corp. (VRTV), up $28.09 to $169.30.
Clayton, Dubilier & Rice is buying the distributor of packaging and printing supplies.
Viatris Inc. (VTRS), up 71 cents to $11.30.
The generic drugmaker reported strong second-quarter earnings and revenue.
Elanco Animal Health Inc. (ELAN), up 88 cents to $12.53.
The maker of animal health products beat analysts’ second-quarter profit forecasts.
Sage Therapeutics Inc. (SAGE), down $18.78 to $17.32.
The biopharmaceutical company received a disappointing regulatory update for a potential depressive disorder drug.
Gogo Inc. (GOGO), down $2.52 to $12.86.
The in-flight internet provider trimmed its revenue forecast for the year.
Tyson Foods Inc. (TSN), down $3.34 to $53.12.
The meatpacker reported weak fiscal third-quarter financial results.
Freshpet Inc. (FRPT), up $6.90 to $80.64.
The pet food maker beat analysts’ second-quarter earnings forecasts.