Nike and Finish Line are big market movers
- Associated Press
- September 27, 2013 - 4:35 PM
NEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
Nike Inc., up $3.30 to $73.64
The athletic gear company's stock hit an all-time high after its first-quarter results blew past Wall Street estimates.
Lumber Liquidators Holdings Inc., down $5.83 to $107.13
Federal authorities raided the headquarters of the flooring retailer, which cited official questions about the "importation of certain products."
J.C. Penney Co. Inc., down $1.37 to $9.05
The retailer expects to raise almost $811 million through a new share offering and said it would have $1.3 billion in liquidity by year's end.
AZZ Inc., down 88 cents to $42.23
The electrical products and services specialist's quarterly results fell short of expectations and its outlook left investors wanting.
Nektar Therapeutics, down $3.31 to $10.54
A pain drug from the pharmaceutical company failed in a clinical trail.
Finish Line Inc., up $2.02 to $24.41
Lower costs and a deal with Macy's helped launch the retailer's quarterly results well beyond Wall Street's expectations.
Zoltek Cos. Inc., down $1.81 to $16.70
The Japanese carbon fiber maker Toray Industries will spend $584 million to acquire Zoltek as demand for high-tech materials increases.
International Game Technology, down $1.44 to $19.23
Deutsche Bank downgraded the casino supplier to "Hold" after a large surge in its stock price at a time when new industry challenges are emerging.
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