JC Penney, Electronic Arts are big market movers
- Associated Press
- November 15, 2013 - 3:35 PM
NEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
J.C. Penney Co. Inc., up 34 cents to $9.03
Big investors saw something in the retailer last quarter, as Jana Partners, Highfields, and Farallon bought sizeable stakes.
Mead Johnson Nutrition Co., up $3.97 to $84.85
China eases its decades-old one-child rule for families, a potential windfall for the global pediatric nutrition company.
The Western Union Co., down 75 cents to $16.70
The Wall Street Journal reported the CIA is building a database of international money transfers, the company's specialty.
Agilent Technologies Inc., up $4.39 to $54.93
The scientific instrument maker topped investor expectations for the fourth quarter, though net income and revenue faded.
Vanda Pharmaceuticals Inc., up $1.55 to $14.59
Advisers to the Food and Drug Administration recommended approval for the pharmaceutical company's potential sleep disorder drug.
Electronic Arts Inc., down $1.90 to $24.06
Video game sales rose for the third month, but there are signs that the gamemaker's "Battlefield 4" isn't selling.
Gogo Inc., down 74 cents to $28.06
Morgan Stanley downgrades shares of the in-flight connectivity company saying that risks to the business aren't accounted for in the stock price.
Cell Therapeutics Inc., up 12 cents to $1.87
The pharmaceutical announces that it has entered into a licensing agreement with Baxter International for the development of pacritinib, a potential treatment for the bone marrow disease myelofibrosis.
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