JC Penney and RadioShack are big market movers

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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

J.C. Penney Co., up $1.36 to $9.73

A key sales figure rose during the department store operator's first quarter, an encouraging sign for the troubled company.

Darden Restaurants Inc., down $2.20 to $48.49

The restaurant operator, which owns Olive Garden, said it will sell its Red Lobster chain to an investment firm for $2.1 billion.

Nordstrom Inc., up $9.06 to $70.55

The upscale department store operator reported a strong first quarter thanks to better sales.

World Wrestling Entertainment Inc., down $8.66 to $11.27

Shares of the entertainment company fell as investors worried about its new TV deal and prospects for its monthly subscription service.

Verizon Communications Inc., up $1.11 to $49.07

Warren Buffett's company Berkshire Hathaway disclosed a new investment of 11 million shares in the communications company.

RadioShack Corp., down 11 cents to $1.22

Ratings agency Fitch cut its rating on the electronics retailer, saying it may not have enough cash flow to make it through the year.

Nasdaq

Digital Cinema Destinations Corp., up 45 cents to $5.40

The movie theater company said that it has agreed to sell itself to its larger rival Carmike Cinemas Inc.

Autodesk Inc., up $3.85 to $51.67

The maker of design software used by engineers, architects and digital artists, posted strong results for its first quarter.

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