Nokia, Supervalu, Tiffany are market movers
- Associated Press
- January 10, 2013 - 3:53 PM
NEW YORK - Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:
Supervalu Inc., up 43 cents at $3.47
The grocery store operator is selling five of its biggest chains for $100 million in cash plus more than $3 billion in debt.
Ford Motor Co., up 36 at $13.83
The automaker is doubling its quarterly dividend to 10 cents, nine months after paying its first dividend in more than five years.
Tiffany & Co., down $2.86 at $60.40
The luxury jewelry company said that sales during the holiday season rose 4 percent globally, which was lower than expected.
Ruby Tuesday Inc., down 48 cents at $7.83
The restaurant operator posted a second-quarter loss and said it plans to close several locations and sell one of its chains.
Nokia Corp., up 70 cents at $4.45
The Finnish phone maker said that it sold 86.3 million mobile devices in the fourth-quarter, exceeding its own expectations.
Aeropostale Inc., down 13 cents at $13.24
The teen retailer said that sales during the holiday shopping season declined and it cut its fourth-quarter earnings forecast.
American Eagle Outfitters Inc., down 69 cents at $19.94
The teen retailer said that a key revenue metric grew at a much slower pace so far this quarter than it did a year ago.
Ascena Retail Group Inc., down $1.26 at $16.86
Following weak holiday sales, the owner of clothing store chains Lane Bryant and dressbarn cut its profit outlook for the year.
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