Cal-Maine Foods shares crack on diving egg prices, and other movers

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Cal-Maine Foods shares crack on diving egg prices, and other movers
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Intel shares gain after chipmaker eyes IPO of its programmable solutions group

Intel Corp. shares INTC, +0.65% rose nearly 2% after the chip maker said it would follow up last year’s spinoff of Mobileye Global Inc. MBLY, -4.51% with an IPO of its programmable solutions group in the next few years.

Shares of Molson Coors Beverage Co. TAP, -0.94% were up 1.6% after the company authorized a $2 billion buyback program and said it was “on track” to deliver its second straight year of sales and profit growth.Shares of Cal-Maine Foods Inc. CALM, -0.04% tanked 12% after the egg producer reported quarterly results well below investors’ expectations and said the average price for a dozen eggs fell to $1.59 from $2.28 a year ago.

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Cal-Maine stock drops 15% as plunging egg prices cut into profitCal-Maine stock drops 15% as plunging egg prices cut into profitCal-Maine's stock fell after hours Monday after a 30% drop in egg prices cut deep in the egg producer's profitability.
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