Nike, Lululemon fall; FedEx Star Equity rise, Friday, 3/22/2024

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NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Friday: Nike Inc., down $6.96 to $93.86. The sneaker and athletic apparel maker gave investors a disappointing revenue forecast. FedEx Corp., up $19.47 to $284.32. The package delivery company beat analysts’ fiscal third-quarter earnings forecasts and announced a $5 billion stock buyback. Lululemon Athletica Inc., down $75.65 to $403.19. The athletic apparel maker gave investors a weak profit forecast. Tesla Inc., down $1.99 to $170.83. The electric vehicle maker is reportedly reducing production in China because of low demand. Cutera Inc., down 70 cents to $1.60. The maker of laser skin treatments reported a bigger fourth-quarter loss than Wall Street expected. AAR Corp., down $3.80 to $60.12. The airplane maintenance company’s fiscal third-quarter revenue fell short of analysts’ forecasts as government sales slipped. Baidu Inc., up 48 cents to $102.18. Apple is reportedly considering using the web search company’s artificial intelligence technology. Star Equity Holdings, Inc., up 3 cents to 92 cents. The diagnostic services and imaging company beat analysts’ fourth-quarter financial forecasts.