Nike, Constellation stocks slump after earnings. Bright Health shines on unit sale. Carnival's shares rise on upgrade — and other stocks on the move.

By MarketWatch

Here are some of the biggest movers of Friday:

Stock gainers:Apple's stock (AAPL) rose 1.5% as Citi initiated coverage on the iPhone maker at buy and as the tech giant approached a $3 trillion market capitalization.

Carnival Corp.'s stock (CCL) is rallying 8% as Jefferies upgraded the cruise operator to buy from hold

Bright Health Group Inc.'s (BHG) stock is rallying 4.5% after Molina Healthcare Inc. (MOH)said it would buy its California Medicare Advantage business, Brand New Day and Central Health Plan of California, for a purchase price of about $510 million, net of tax benefits. Molina Healthcare stock is up 1%.

XPeng Inc.'s U.S.-listed stock (XPEV) is up 11.9% after the China-based electric vehicle maker launched its G6 Ultra Smart Coupe SUV, with deliveries to start in China in July.

Stock decliners:Constellation Brands Inc.(STZ) fell 1.3% despite posting better-than-expected fiscal first-quarter earnings on strength in its beer business where sales rose 11%.

Nike Inc.'s(NKE) stock dropped 1.3% after the retailer's fourth-quarter profit came in below Wall Street expectations amid markdowns and weaker demand for sneakers and clothing.

-MarketWatch

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06-30-23 1014ET

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