Molson and Whole Foods are big market movers

|
News,Business

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

NYSE

Chesapeake Energy Corp., up $1.26 to $29.61

The natural gas driller essentially tripled its production-growth outlook for the year as its earnings surged along with production rates.

Molson Coors Brewing Co., up $2.18 to $61.95

A shift to higher-margin, premium craft beers is starting to pay off at the brewer, as is the early termination of a joint venture.

GNC Holdings Inc., down $5.90 to $37.75

First-quarter earnings slid and the vitamin and supplement retailer cut its full-year outlook due to poor comparable-store sales.

The Walt Disney Co., down 74 cents to $80.29

"Frozen," the entertainment company's first blockbuster in some time, is driving overall performance beyond most expectations.

Nasdaq

Mondelez International Inc., up $2.88 to $38.10

The food company will link its coffee business with that of D.E. Master Blenders to better focus on its snacks and cost cutting.

Whole Foods Market Inc., down $9.02 to $38.93

Another disappointing quarter led to a downgrade parade for the grocer, with at least five analysts cutting their ratings.

Groupon Inc., down $1.39 to $5.33

A weak outlook overshadowed a better-than-expected quarter for the online deals company that is trying to reshape itself.

Electronic Arts Inc., up $5.90 to $33.95

Large revenue hikes from game downloads and other sources pushed the gamemaker beyond most projections in the last quarter.

View article comments Leave a comment