FedEx and Avon are big market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq stock market:
FedEx Corp., up $3.01 to $151.84
The growing popularity of online shopping helped the shipping company post a 4 percent rise in its fiscal second-quarter profit.
Avon Products Inc., down 6 cents to $4.03
Private investment firm Cerberus Capital Management said it is taking a majority stake in the cosmetic company’s North American business.
General Mills Inc., down $1.96 to $57.23
The maker of Lucky Charms cereal, Yoplait yogurt and other packaged foods said sales fell 6.1 percent in its fiscal second quarter.
Pandora Media Inc., up $1.82 to $15.26
Investors seemed pleased with the rates copyright judges set for the Internet radio company and its rivals to pay record companies for the next five years.
Winnebago Industries Inc., down $2.77 to $18.58
The recreational vehicle maker posted financial results for its fiscal first quarter that missed Wall Street’s expectations.
Goldcorp Inc., down 92 cents to $10.95
Shares of the gold producer, as well as its rivals, fell sharply as the price of gold dropped.
Accenture PLC, down $5.82 to $103.26
The consulting company reported earnings for its fiscal first quarter that did not meet Wall Street expectations.
Scholastic Corp., down $4.43 to $36.76
The children’s book publisher cut its fiscal 2016 outlook, saying labor action at some Canadian schools hurt back-to-school sales.