Gap, Synchrony and Polycom jump; PriceSmart sinks
Jul. 08, 2016
NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday:
Gap Inc. (GPS), up $1.07 to $22.70
The retailer sales at older stores grew in June, a surprise to analysts, as Old Navy results improved.
Polycom Inc. (PLCM), up $1.38 to $12.25
The videoconferencing equipment maker agreed to be taken private by Siris Capital, ending an agreement with Mitel Networks.
Juno Therapeutics Inc. (JUNO), down $13.01 to $27.81
The company halted a mid-stage study on a potential leukemia treatment, its most advanced drug, after two patients died.
Synchrony Financial (SYF), up $1.28 to $27.30
Bank stocks made the largest gains Friday morning as investors hoped the job report will lead to higher interest rates.
Barracuda Networks Inc. (CUDA), up $2.91 to $18.42
The cloud-based security and storage service company reported solid quarterly results and raised its projections for the year.
General Motors Co. (GM), up 92 cents to $29.66
Consumer stocks traded higher following the jobs report, and automakers made some of the largest gains.
PriceSmart Inc. (PSMT), down $8.16 to $83.39
The warehouse club operator reported disappointing results for its fiscal third quarter.
PG&E Corp. (PCG), up 43 cents to $64.83
Utility companies, a traditionally safe investment that has performed very well in 2016, lagged the market Friday.