Hertz and Marriott are big market movers

|
News,Business

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

NYSE

Hertz Global Holdings Inc., down $2.76 to $27.73

Accounting woes are spreading at the car rental company, which says its financial report from 2011 "should no longer be relied upon."

Occidental Petroleum Corp., up 20 cents to $100.38

The energy production company is spinning off its California holdings this year into a new company called California Resources Corp.

Peabody Energy Corp., down 24 cents to $16.34

Goldman Sachs stripped the coal miner of its "buy" rating and cut its target price by $5, seeing a better value in Consol Energy.

The Gap Inc., up 87 cents to $42.06

Strong performances from the retailer's Banana Republic and Old Navy brands drove sales in May higher than most had expected.

Nasdaq

Sears Hometown and Outlet Stores Inc., down $1.98 to $20.52

A tough opening to the fiscal year for the retailer, which saw a 6.2 percent decline in comparable-store sales and slim profits.

Marriott International Inc. up 54 cents to $62.85

A broad economic rebound paired with the hotel's expansion abroad and a revamp at home is sending its stock to all-time highs.

Angie's List Inc., up $1.11 to $11.21

Bank of America thinks a new pricing scheme at the online review site is a winner and it's still seeing pockets of growth.

Diamond Foods Inc., down $3.58 to $29.74

Higher commodity prices and refinancing charges exacerbated quarterly losses for the food company, though snacks sold well overall.

View article comments Leave a comment

More from washingtonexaminer.com