Lowe’s and Staples are big market movers
May 20, 2015, 1:43 PM
NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Lowe’s Companies Inc., down $3.33 to $68.50
The home improvement retailer reported worse-than-expected first-quarter profit and revenue.
American Eagle Outfitters Inc., up 87 cents to $16.61
The teen clothing retailer reported better-than-expected fiscal first-quarter profit and revenue.
Pep Boys-Manny, Moe & Jack, up $1.50 to $10.75
The auto parts and services company is a buyout target eyed by several private equity firms, according to the Wall Street Journal.
Dycom Industries Inc., up $10.51 to $56.58
The provider of contracting services reported better-than-expected fiscal third-quarter results and a positive outlook.
Nasdaq
Yahoo Inc., up $1.81 to $42.79
The Internet company dismissed concerns that its spinoff of its stake in Alibaba Group Holding Ltd. could be jeopardized by new IRS rules.
Staples Inc., down 26 cents to $16.15
The office-supplies retailer reported a drop in first-quarter profit, meeting expectations, but revenue fell short of forecasts.
Sarepta Therapeutics Inc., up $9.86 to $26.24
The company will begin the process of applying for FDA approval for its potential treatment for Duchenne muscular dystrophy.
Prima Biomed Ltd., up $4.31 to $5.91
The medical biotechnology products company said a potential cancer treatment showed positive results in a midstage study.
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