Hanesbrands, Penney, Radware are big movers
- Associated Press
- April 5, 2013 - 5:17 PM
NEW YORK - Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
Hanesbrands Inc., up $1.72 at $46.84
The maker of Hanes underwear and T-shirts said that it will begin paying a quarterly dividend of 20 cents per share in June.
J.C. Penney Co. Inc., up 37 cents at $15.45
Even though financial markets fell Friday, shares of the retailer rose, a surprise to some market watchers given its recent troubles.
Radware Ltd., down $8.51 at $29.07
The technology company cut its first-quarter earnings and revenue forecasts due to weaker-than-expected sales in certain countries.
F5 Networks Inc., down $17.21 at $73.21
The networking equipment company said that its second-quarter net income and revenue will fall short of its expectations.
Novavax Inc., up 14 cents at $2.42
A Wedbush analyst said that it's possible that the company will be called on to develop a vaccine for a strain of avian flu.
NII Holdings Inc., up 94 cents at $5.48
The wireless service provider is selling its stake in Nextel del Peru S.A. for about $400 million to focus on markets in Mexico and Brazil.
Exide Technologies, up 20 cents at $1.57
The battery maker announced that it hired a financial advisory firm to help explore options to maximize shareholder value.
Rigel Pharmaceuticals Inc., down $3.03 at $4.50
The drug developer posted mixed results from a late-stage clinical trial of a rheumatoid arthritis drug the company helped develop.
© 2013 Star Tribune