Bank of America, Rite Aid stocks rise, Micron and Virgin Galactic shares fall, and other stocks on the move

Here are some of the bigger and more-active movers on Thursday:

Stock gainers:

BlackBerry Ltd. shares
climbed 6.7% after the security-software developer reported fiscal first-quarter results that topped Wall Street estimates.

Bank of America Corp.’s
stock rose 2.2%, lifted by the Federal Reserve’s bank stress test results, published late Wednesday. Other banks also got a boost, with shares of Citigroup Inc.
tacked on 0.3%, JPMorgan Chase & Co.
rallied 3.4%, Wells Fargo & Co.
rose 4.6% and Goldman Sachs Group Inc.
gained 3%.

Rite Aid Corp.’s stock
rose 3.3%, after the drugstore chain reported quarterly results that were less bad than feared, as pharmacy sales were boosted by Ozempic and other drugs used for weight loss.

Wallbox NV shares
charged up 19.7% after the company said its Pulsar Plus electric-vehicle (EV) chargers will be available at Costco Wholesale Corp.
stores starting in July. Costco’s stock slipped 0.4%.

Shares of Inc.
were up 19.5% after the company said it had acquired Bed Bath & Beyond’s brand and intellectual property.

Shares of American Outdoor Brands Inc.
jumped 9.2% Thursday after the maker of outdoor products and accessories reported a surprise quarterly adjusted profit and said it sees long-term, positive trends for its business.

Stock decliners:

Virgin Galactic Holdings Inc.’s stock
fell 11% after company’s first commercial spaceflight.

Coca-Cola stock
weakened 0.8%. Reuters reported the World Health Organization may say that aspartame, used in diet sodas, is a possible carcinogen.

Micron Technology shares
fell 4% in Thursday trades after gaining premarket following the chip maker’s better-than-anticipated fourth-quarter results.

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