Advance Auto Parts and Coach fall while Synchrony surges
NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday:
Transocean Ltd., down 48 cents to $7.91
The drilling rig company said it will buy Songa Offshore for $1.2 billion.
Synchrony Financial, up $1.35 to $30.99
Warren Buffett’s Berkshire Hathaway conglomerate bought a stake in the consumer credit company.
Coach Inc., down $7.28 to $40.64
The luxury handbag and accessory maker posted disappointing fourth-quarter sales and its forecast for the current year was also weak.
Advance Auto Parts Inc., down $22.24 to $87.08
The auto parts retailer cut its annual forecast citing “industry headwinds.”
Extreme Networks Inc., up $1.07 to $10.39
The network infrastructure equipment company had a stronger quarter than investors anticipated.
Fifth Third Bancorp, up 34 cents to $27.02
Banks climbed Tuesday as bond yields and interest rates increased.
Dick’s Sporting Goods Inc., down $8.04 to $26.87
The sporting goods store chain cut its annual forecast after a weak second quarter.
Pandora Media Inc., up 33 cents to $8.40
The music service named Dish executive Roger Lynch as its next CEO.