Apple, Harry Winston, Coach are market movers
- Associated Press
- January 14, 2013 - 4:22 PM
NEW YORK - Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
Harry Winston Diamond Corp., up 62 cents at $15.08
Swatch Group AG, the Swiss watch maker, said that it will pay about $1 billion to acquire the Canadian watch and jewelry brand.
Flowers Foods Inc., up $2.39 at $27.22
Bankrupt snack maker Hostess Brands said that it selected bids by the rival bakery to buy six of its bread brands for $390 million.
Fifth & Pacific Companies Inc., up $1.47 at $14.31
Weaker sales at the clothing company's Juicy Couture brand hurt its fourth-quarter performance, but its 2012 revenue beat expectations.
Coach Inc., up $2.12 at $61.01
A Wedbush analyst said that a check at the luxury bag maker's stores found "strong sell-throughs" of some of its bags and clutches.
Hhgregg Inc., down 45 cents at $7.44
The electronics and appliance retailer posted disappointing forecasts for its fiscal third quarter and for the full year.
Apple Inc., down $18.55 at $501.75
The Wall Street Journal reported that the iPad maker has cut its orders for iPhone 5 components due to weaker-than-expected demand.
Francesca's Holdings Corp., down $1.01 at $27.22
The women's accessories and clothing store chain raised its guidance for the fourth quarter, citing strong holiday season sales.
Allscripts Healthcare Solutions Inc., up 16 cents at $10.26
A Raymond James analyst upgraded the health care information technology company's stock to "Strong Buy," citing its new management.
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