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Big Movers in the Stock Market

November 16, 2004

NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market.

NYSE

J.C. Penney Co. Inc., down 43 cents at $39.98

While third-quarter profits doubled, the retailer said it expects a decline in sales in the fourth quarter, below Wall Street forecasts for the holiday season.

JP Morgan Chase & Co., down 69 cents at $38.47

The stock was downgraded to ``market perform″ by Piper Jaffray.

Saks Inc., down 81 cents at $13

The company swung to an unexpected loss for the quarter due to a string of store closings.

NASDAQ

Google Inc., down $12.33 at $172.55

The company’s ``lock-up″ period ended, freeing employees and early investors to sell their shares.

IAC/Interactive Corp., down 16 cents at $23.89

The owner of the Home Shopping Network and TicketMaster named Thomas J. McInerney as its new chief financial officer.

Rambus Inc., up $2.63 at $21.47

The memory chip designer received a beneficial ruling in a patent lawsuit.

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