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Lowe’s and Staples are big market movers

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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