News Column

Toll Brothers and Allergan are big market movers

May 28, 2014



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

NYSE

Toll Brothers Inc., up 74 cents to $36.38

On the heels of a strong U.S. housing report, the builder doubled its second-quarter profit, selling more homes at higher prices.

Allergan Inc., down $8.90 to $156.12

Investors do not appear impressed with a new bid from Valeant for the Botox maker, which could add up to more than $50 billion.

Michael Kors Holdings Ltd., up $1.27 to $97.01

The luxury retailer topped quarterly expectations, but many suspect that the company's extraordinary growth may begin to slow.

DSW Inc., down $8.90 to $23.62

A terrible first quarter and an even worse outlook from the shoe seller sent shares plunging.

Qihoo 360 Technology Co., up $5.16 to $95.14

The Chinese Internet security company topped expectations for the first quarter and released a bold financial outlook.

Nasdaq

Cracker Barrel Old Country Store Inc., up 62 cents to $101.14

A month after announcing a cost-cutting plan, the chain restaurant just edged out expectations for the third quarter.

Rockwell Medical Inc., up 54 cents to $11.74

The Food and Drug Administration has accepted the dialysis maker's application for its experimental anemia drug Triferic.

Daktronics Inc., down $2.67 to $11.80

The electronics display business is still suffering from a downturn during the recession and prices per square foot remain subdued.


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Source: Associated Press


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