GE and Gap Imports are big market movers
Apr. 10, 2015
NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
General Electric Co., up $2.78 to $28.51
The company is selling its lending business as it focuses on its industrial divisions. It also plans to repurchase $50 billion of its own stock.
The Gap Inc., down $1.59 to $41.14
The clothing retailer said a key sales figure rose in March, but it said the early Easter holiday will hurt April's sales.
Excel Trust Inc., up $1.98 to $15.82
Private equity firm The Blackstone Group LP is buying the real estate investment trust for more than $1 billion.
Ruby Tuesday Inc., up 36 cents to $6.76
The restaurant operator posted a loss in its third quarter, but it was narrower than a year ago thanks to cost cutting.
Netflix Inc., up $15.07 to $454.57
Citi upgraded its investment rating on the online streaming company's stock to a "Buy," saying its original shows will help subscriber growth.
AngioDynamics Inc., down $1.72 to $16.53
The medical-device maker posted disappointing results for its fiscal third quarter and lowered its expectations for the year.
Citrix Systems Inc., down 85 cents to $63.80
The cloud-computing company posted preliminary results for its fiscal first quarter that were below its previous expectations.
Apple Inc., up 54 cents to $127.10
The iPhone maker began selling its latest gadget, Apple Watch. Apple hasn't offered any estimates on how many it expects to sell.