News Column

Infoblox and Exelon are big market movers

May 30, 2014



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

NYSE

Infoblox Inc., down $7.56 to $12.96

The network automation company's shares hit an all-time low after it issued a very weak outlook and said its CEO would step down.

Express Inc., down $1.02 to $12.61

Declining mall traffic and tough competition weighed on profits at the retailer, which fell 84 percent in the first quarter.

Ann Inc., up $1.52 to $38.87

Investors overlooked some big restructuring charges and meager sales and focused instead on strong adjusted quarterly earnings.

Exelon Corp., up 77 cents to $36.83

The large utility gets an upgrade from Jefferies & Co., which cited the improving commodity outlook for forward power prices.

Nasdaq

The Madison Square Garden Co., up $1.75 to $54.85

The New York Rangers advanced to the Stanley Cup finals for the first time in 20 years, meaning more games at the Garden.

Google Inc., down $1.09 to $571.65

The world's dominant search engine is starting to accept requests from Europeans who want to erase unflattering information from search results.

OmniVision Technologies Inc., up $2.34 to $22.48

Big gross margins, an improved cash balance and falling inventories pushed the image sensor company beyond quarterly expectations.

Pacific Sunwear of California Inc., down 52 cents to $2.42

A pessimistic outlook overshadowed a strong quarter in which comparable-store sales jumped by 3 percent during a rough winter.


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Source: Associated Press