Office Depot, Orbitz, Molson are market movers
- Associated Press
- November 7, 2012 - 4:52 PM
NEW YORK - Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
Office Depot Inc., down 11 cents at $2.88
The office supplies retailer reported a loss for the third-quarter as it pursued an expansive review of how it does business.
Orbitz Worldwide Inc., down 30 cents at $2.30
The online travel company again cut its outlook for the year and reported third-quarter results that were short of expectations.
WellPoint Inc., down $3.35 at $57.85
The health insurer's third-quarter earnings beat expectations, but its stock fell after President Barack Obama won re-election.
Molson Coors Brewing Co., down $1.60 at $41.60
The maker of Coors Light and Miller Light said that it saw a decline in demand across its businesses during the third quarter.
Cablevision Systems Corp., down 51 cents at $14.98
The New York-based cable company posted a quarterly loss for the first time in over three years, as programming expenses rose.
Higher One Holdings Inc., down $1.76 at $10.40
The college banking company said falling growth in student enrollments hurt its third-quarter profit and posted a weak outlook.
Smith & Wesson Holding Corp., up 91 cents at $10.37
A Benchmark analyst reiterated his "Buy" rating on the gun maker saying that President Barack Obama's second term will help sales.
James River Coal Co., down $1.41 at $3.29
Shares of coal companies fell on the expectation that a second term for President Barack Obama means tougher going for coal companies.
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