STOCKS ON THE MOVE
IBM, down 31 cents to $126.06
Reported surge in cloud computing revenue.
Hibbett Sports Inc., up $2.90 to $25.38
Sporting goods chain gave encouraging update.
eBay Inc., down $1.88 to $56.59
Is selling its classified advertising business to Adevinta in a $9.2 billion cash-and-stock deal.
Synaptics Inc., up $5.99 to $78.04
The maker of computer and smartphone touchpads is buying DisplayLinks for $305 million.
Coca-Cola Co., up $1.08 to $47.20
Beat Q2 forecasts and said sales grew in June.
Philip Morris Int’l, up $3.03 to $75.92
The tobacco company reported surprisingly strong earnings and forecast full-year growth.
Acadia Pharma., down $10.73 to $44.69
The drug developer’s experimental depression treatment performed poorly in a study.
Opko Health Inc., up $1.02 to $5.96
A unit of the drug company won a CDC contract to conduct COVID-19 antibody testing.