Wells Fargo, Carnival Rise; CalAmp, the loan tree fall

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NEW YORK – Stocks that traded strongly or underwent substantial price changes on Friday:

Wells Fargo & Co., up $2.86 at $40.76.

All of the country’s largest banks have passed “stress tests” to determine whether they can withstand a severe economic downturn.

FedEx Corp., up $16.26 at $243.24.

The Memphis, Tennessee-based package delivery giant reported a surge in profit and sales for its fourth fiscal quarter.

LendingTree Inc., down $4.32 to $50.55.

The online lender said its second-quarter sales and profit would miss its previous guidance.

CarMax Inc., up $6.60 at $98.36.

The used-car dealership operator reported higher revenue and sales than Wall Street analysts had expected.

Zendesk Inc., up $16.22 at $74.17.

The customer support software provider has agreed to be bought by a group of investors in a deal that values ​​the company at around $10.2 billion.

CalAmp Corp., down $2.19 to $4.99.

The software and cloud services company reported a much larger loss and lower sales than analysts expected.

Carnival Corp. up $1.20 to $10.85.

Despite reporting quarterly results below estimates, the cruise line said bookings were growing rapidly.

Seagen Inc., up $5.33 at $179.33.

The Wall Street Journal reported that pharmaceutical giant Merck is pursuing a possible acquisition of the biotech company.

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