News Column

Wal-Mart and Kohl's are big market movers

May 15, 2014



NEW YORK (AP) Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Wal-Mart Stores Inc., down $1.91 to $76.83

Quarterly profit slid 5 percent at the world's biggest retailer, which said that the current quarter doesn't look so good, either.

Bristol-Myers Squibb Co., down $3.19 to $48.93

Industry analysts were caught off guard after the drugmaker released data on a highly anticipated cancer treatment.

NQ Mobile Inc., down $2.96 to $7.27

The mobile security company informed the Securities and Exchange Commission that it would be unable to file key documents on time.

Kohl's Corp., down $1.82 to $52.21

The retailer followed others in citing a nasty winter for a terrible quarter in which comparable-store sales slid 3.4 percent.

Nasdaq

Gentiva Health Services Inc., up $5.29 to $13.83

Kindred Healthcare went hostile with its $533 million bid for the health care company after it rejected its offer this week.

Urban Outfitters Inc., down $1.31 to $35.36

FBR & Co. downgraded the specialty retailer, seeing no catalysts to push its stock price higher and tougher online competition.

Cisco Systems Inc., up $1.37 to $24.18

The tech bellwether beat expectations for its fiscal third quarter and its outlook was much better than most analysts projected.

The ExOne Co., down $5.33 to $25.50

The company sold fewer 3D printers than expected, gross margins slid and losses widened during the most recent quarter.


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Source: Associated Press