News Column

Zillow and SodaStream are big market movers

May 22, 2014



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

NYSE

Best Buy Co., up 87 cents to $26.22

Net income topped Wall Street expectations for the first quarter, though sales fell short and the company sees light sales ahead.

Hewlett Packard Co., down 74 cents to $31.78

The technology giant said it is cutting another 11,000 to 16,000 jobs and gave an outlook below expectations.

Nabors Industries Ltd., up 67 cents to $26

Analysts with Jefferies & Co. added the energy services company to their "buy" list, citing revenue growth and good cash flow.

Nasdaq

SodaStream International Ltd., down $1.40 to $38.22

Analysts with Barclays believe the soda machine maker is a bit flat, with sales in the crucial U.S. market falling sharply.

Sears Holdings Corp., up $1.54 to $38.10

The retailer signaled that it may close more stores after losses widened during the first quarter and sales fell 7 percent.

Dollar Tree Inc., up $3.31 to $53.31

Shares hit two-month highs after the discount retailer topped profit expectations and its sales momentum carried into May.

Children's Place Retail Stores Inc., up $2.20 to $47.69

First-quarter net income slid 29 percent at the retailer, but that was not as bad as many industry watchers had anticipated.

Zillow Inc., up $5.28 to $114.32

The CEO of the online real estate information service said that the company could move aggressively into the rentals market.


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Source: Associated Press


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