Philip Morris and Netflix are big market movers
Apr. 16, 2015
NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:
Philip Morris International Inc., up $6.83 to $84.96
The tobacco company reported better-than-expected first-quarter profit and revenue and raised its full-year forecast.
Unilever PLC, up $1.66 to $45.06
The consumer goods company reported better-than-expected first-quarter sales growth helped by the strong U.S. dollar.
Matador Resources Co., down $2.11 to $27.24
The energy company announced a public offering of 7 million shares of common stock and expects $189 million in proceeds.
SanDisk Corp., down $3.21 to $67.91
The flash-memory chip maker reported worse-than-expected first-quarter profit and provided a weak 2015 sales outlook.
Netflix Inc., up $86.59 to $562.05
The Internet video service reported better-than-expected first quarter profit and a surge in quarterly subscriber growth.
Panera Bread Co., up $18.97 to $182.89
The operator of retail bakery-cafes boosted its stock buyback program to $750 million and will sell 73 of its cafes to franchises.
Pernix Therapeutics Holdings Inc., down $1.63 to $8.34
The drug developer provided weak revenue guidance, citing lower prescription volume for migraine headache drug Treximet.
Pacira Pharmaceuticals Inc., down $8.92 to $83.47
The pharmaceutical products company received a subpoena from the Department of Justice relating to promotional practices.