GM and Rite Aid are big market movers

|
News,Business

NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

General Motors Co., down 25 cents to $36.27

The Detroit automaker fired 15 employees over a failure to disclose a defect with ignition switches that led to at least 13 deaths.

Rite Aid Corp., down 63 cents to $7.87

Rising drug costs and diminished reimbursement rates have forced the drug store to cut its earnings expectations for next year.

Joy Global Inc., up $3.85 to $61.70

The mining equipment maker stuck by its full-year outlook despite a bruising second quarter in which net income fell by 59 percent.

Barnes & Noble Inc., up 67 cents to $19.57

The book store is teaming up with Samsung to develop its Nook e-reader, which will allow it to focus on improving its software.

PVH Corp., down $10.59 to $120.09

The retail sector continues to struggle and the company behind the Calvin Klein and Tommy Hilfiger cut its profit expectations.

Nasdaq

Halozyme Therapeutics Inc., up 97 cents to $9.05

The Food and Drug Administration lifted its hold on a clinical study of the drugmaker's experimental pancreatic cancer treatment.

Vera Bradley Inc., down $1.36 to $23.89

The retailer's CEO said that the retail environment has become a lot more harsh than it had anticipated just two months ago.

Lululemon Athletica Inc., down 11 cents to $42.87

Sterne Agee upgrades the yoga gear retailer but only after a 27 percent slump for its shares this year.

View article comments Leave a comment

More from washingtonexaminer.com