CVS and Level 3 are big market movers
- Associated Press
- February 5, 2014 - 3:30 PM
NEW YORK — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
CVS Caremark Corp., down 67 cents to $65.44
The drugstore will remove all tobacco products from its shelves by October, which will cost about $2 billion in annual revenue.
3D Systems Corp., down $11.66 to $64.10
Stung by falling demand, the 3D printer company slashed its expectations for the fourth quarter.
Ralph Lauren Corp., down $5.47 to $148.71
The fashion designer's stock tumbled despite the company posting strong quarterly profits and announcing a $500 million stock buyback.
Level 3 Communications Inc., up $3.14 to $34.55
The Internet and telecommunications company returned to a profit in its fourth quarter and it issued upbeat guidance for 2014.
The Hain Celestial Group Inc., down $5.55 to $85.44
The organic and natural-products company posted weak revenue for its fiscal second quarter and analysts pointed to problems in the U.K.
Buffalo Wild Wings Inc., down $13.63 to $127.12
Light revenue numbers overshadowed stronger-than-expected profits at the restaurant chain.
Google Inc., up $5.04 to $1,143.20
The search engine made some concessions in a fight with European regulators, giving more visibility to three rival companies.
Myriad Genetics Inc., up $4.11 to $31.29
The molecular diagnostic company acquired Crescendo Bioscience for $270 million and posted a 44 percent rise in quarterly profit.
© 2014 Star Tribune