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Company News for May 22, 2023

Zacks Equity Research
·1 min read

  • Shares of Morgan Stanley MS decreased 2.7% after the company’s CEO James Gorman announced that he would be stepping down from the role in the next 12 months.

  • Shares of Devon Energy Corporation DVN rose 1.9% on energy prices going up.

  • Netflix, Inc.’s NFLX shares slid 1.6% as consumer discretionaries became the hardest-hit sector on Friday.

  • Shares of Foot Locker, Inc. FL plummeted 27.2% after reporting first-quarter 2023 adjusted earnings of $0.70 per share, missing the Zacks Consensus Estimate of $0.78.

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Zacks Investment Research