J.C. Penney and Mylan are big market movers
Feb. 27, 2014
NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:
Best Buy Co. Inc., down 25 cents to $25.57
The electronics retailer returned to a profit and topped Wall Street expectations as it cut costs to offset declining sales.
J.C. Penney Co. Inc., up $1.51 to $7.47
Sales at stores open at least a year rose for the first time in two years, lessening fears about the rate at which the retailer burns through cash.
General Motors Co., down 6 cents to $36.77
The U.S. auto safety watchdog is investigating whether the automaker acted quickly enough to recall cars in a case linked to 13 deaths.
Darling International Inc., down 7 cents to $20.22
The rendering, cooking-oil and bakery-waste recycling technology company, fell short of expectations for profit and revenue.
Sears Holdings Corp., up $2.61 to $43.01
Quarterly losses narrowed as the department store trimmed expenses and reduced inventory, though revenue fell as it closed stores.
Mylan Inc., up $4.85 to $56.27
The generic drugmaker saw an 11 percent increase in its fourth-quarter earnings, topping expectations despite a rise in expenses.
Wendy's Co., down 20 cents to $9.94
The hamburger chain's fourth-quarter earnings topped Wall Street expectations but its sales were under some pressure and revenue fell short.
YRC Worldwide Inc., up $3.37 to $26
Operating revenue pushed the trucking company back into positive territory for the quarter and overall revenue rose 3 percent.