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Macy's, Smithfield Foods, Toll Brothers, SMI are among big market movers Wednesday
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NEW YORK - The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange:
NYSE:
Macy's Inc., down $1.57 at $17.86
The department store's third-quarter loss shrunk on inventory controls and localization, while it raised its full-year outlook.
Toll Brothers Inc., up $3.02 at $21.41
The luxury builder said buyers signed 42 percent more contracts for new homes in its fourth fiscal quarter, though revenue was lower.
Semiconductor Manufacturing International Corp., up $1.46 at $3.88
The company agreed to pay $200 million to settle a legal dispute with rival Taiwan Semiconductor Manufacturing Co.
Cytec Industries Inc., down $1.29 at $35.52
An analyst urged investors to sell the specialty chemical maker's stock, citing expectations for an unfavorable outlook.
Reed Elsevier, down $1.46 at $30.95
The CEO resigned by mutual agreement after just eight months on the job, the publishing and information company announced.
Smithfield Foods Inc., up $1.49 at $17.12
A Deutsche Bank analyst upgraded the nation's largest hog producer and pork processor on restructuring efforts.
NASDAQ:
Sun Microsystems Inc., up 32 cents at $8.47
Fitch Ratings lowered its outlook after European regulators objected to Oracle Corp.'s plans to take over the company.
Sigma Designs Inc., down $1.20 at $11.14
An analyst downgraded the chip maker on signs that it's losing greater-than-expected market share to rival Broadcom Corp.
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