Express and Broadcom are big market movers
May 28, 2015, 1:37 PM
NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Express Inc., up 79 cents to $17.41
The clothing retailer reported better-than-expected first-quarter results and increased its full-year profit forecast.
Abercrombie & Fitch Co., up $2.65 to $22.30
The teen clothing retailer, in the midst of overhauling its racy image, said it expects sales to improve in the next year.
Tillys Inc., down $3.22 to $9.78
The clothing and accessories retailer reported better-than-expected profit, but its revenue and outlook disappointed Wall Street.
Rally Software Development Corp., up $5.94 to $19.45
The cloud-based software and services company is being bought by CA Technologies for about $480 million in an expansion move.
Nasdaq
Broadcom Corp., down 90 cents to $56.25
Rival Avago Technologies Ltd. is buying the chipmaker in a $37 billion cash-and-stock deal as the companies try to boost growth.
GoPro Inc., up $3.53 to $56.81
The high-tech camera maker’s founder and CEO said the company will expand into the drone and virtual-reality businesses.
Semtech Corp., down $3.15 to $21.47
The chipmaker reported a fiscal first-quarter loss and the results and the company’s forecast fell short of Wall Street expectations.
Sanderson Farms Inc., down $2.57 to $81.93
The poultry producer reported worse-than-expected fiscal second-quarter results on falling market prices for chicken.
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