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Midday movers: Costco, AMC Entertainment, Constellation Brands and more

Investing.com
·1-min read

By Liz Moyer

Investing.com -- Stocks turned positive on Thursday as investors shrugged off weak labor data to end the holiday-shortened trading week on a positive note. Here are the midday movers for April 6.

Costco Wholesale Corp (NASDAQ:COST) shares fell 2% after the warehouse retailer reported disappointing same-store sales numbers for March. Same-store sales dipped 1.1% last month after rising 3.5% in February. AMC Entertainment Holdings Inc (NYSE:AMC) shares jumped 20% after a judge denied the movie theater chain's attempt to accelerate a settlement over the conversion of preferred shares to common stock. Constellation Brands Inc (NYSE:STZ) shares rose 1.2% after the spirits, wine, and beer maker raised its dividend and beat expectations for earnings per share, though beer and wine sales were down from the same time last year.

Bed Bath&Beyond Inc (NASDAQ:BBBY) shares fell 6.9% after it proposed a shareholder vote on a reverse stock split as it continues to maneuver to avoid bankruptcy.

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Lamb Weston Holdings Inc (NYSE:LW) shares rose 2.7% after the maker of frozen french fries and other potato products for the restaurant and retail industries raised its guidance for earnings and sales for the year.

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