Big Movers in the Stock Market
NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market.
Avis Group Holdings Inc., up $4.375 to $29.875
Cendant, which owns about 18 percent of the car rental company, has offered to buy the rest for $29 a share.
J.C. Penney Co., down $1.688 to $16.25
The department store chain’s second-quarter operating profit plunged 90 percent due to lower sales and price cuts.
Target Inc., down $2.063 to $27.875
The discount retail chain met Wall Street earnings estimates and said it was comfortable with 15 percent annual earnings per share growth estimates.
HearMe Inc., up $3 to $7.25
Qualcomm will integrate the Internet communication company’s live-voice software into its email application.
PcOrder.com Inc., up $1.438 to $6.313
The online computer product sales technology firm announced a licensing agreement with America Online. The company also announced a stock buy back.
Electronic Arts Inc., up $1.938 to $91.50
Interactive entertainment software designer Electronic Arts declared a 2-for-1 stock split.