News Column

Alcoa and American Airlines are big market movers

July 9, 2014



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

NYSE

Alcoa Inc., (AA), up 84 cents to $15.69

The aluminum giant reported better-than-expected second-quarter profit, with strong results from the engineered products unit.

Gigamon Inc. (GIMO), down $5.89 to $12.29

The networking hardware company cut its second-quarter revenue outlook, citing challenges with closing deals late in the quarter.

Container Store Group Inc., (TCS), down $2.27 to $24.80

The storage and organization products retailer reported a worse-than expected fiscal first-quarter loss and cut its sales outlook.

MSC Industrial Direct Co. (MSM), down $4.39 to $88.99

The metalworking supplies company reported a fiscal fourth-quarter financial outlook mostly below Wall Street expectations.

Nasdaq

American Airlines Group Inc. (AAL), up $1.73 to $41.99

The airline company said June passenger traffic rose 1 percent and it expects passenger revenue to rise during the quarter.

Silicon Image Inc. (SIMG), down 1 cent to $4.98

The data products company cut its second-quarter revenue outlook citing lower than expected shipments and royalty revenue delays.

Cisco Systems Inc. (CSCO), up 37 cents to $25.44

The information technology company completed its $175 million buyout of Tail-f Systems, boosting its cloud-services portfolio.

Healthcare Services Group Inc. (HCSG), down $1.05 to $29.11

The health care facility services company reported lower-than-expected second-quarter profit and declared a quarterly dividend.


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Source: Associated Press


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