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