JC Penney and Micron are big market movers
- Associated Press
- January 8, 2014 - 3:35 PM
NEW YORK — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
J.C. Penney Co. Inc., down 82 cents to $7.37
Investors were spooked by a news release from the retailer that said it was "pleased" with its holiday-period performance but offered no specific sales data.
Constellation Brands Inc., up $6.68 to $76.61
The wine, liquor and beer seller easily topped Wall Street's expectations for the third quarter with a 93 percent profit surge.
Forest Laboratories Inc., up $10.54 to $69.30
The drugmaker is buying Aptalis for $2.9 billion and getting access to treatments for gastrointestinal issues and cystic fibrosis.
Micron Technology Inc., up $2.14 to $23.87
The chipmaker reversed a year-ago loss during the first quarter and its revenue more than doubled thanks in part to an acquisition.
SodaStream International Ltd., up $1.92 to $50.34
KeyBanc Capital Markets initiated coverage of the soda machine maker with a "Buy" rating and a $70 price target.
NuPathe Inc., up $1.15 to $4.38
A rival buyout offer has arrived for the specialty pharmaceutical company from Teva, topping an earlier bid from Endo Health.
Apollo Education Group Inc., up $3.83 to $30.76
The for-profit education company did not fare as poorly during the first quarter as many had expected, given declining enrollment.
Riverbed Technology Inc., up $1.68 to $19.53
Elliott Management, one of the computer networking company's biggest shareholders, made a buyout offer of nearly $3.08 billion.
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