LinkedIn and Lions Gate are big market movers
- Associated Press
- February 7, 2014 - 3:30 PM
NEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
Cigna Corp., down $7.90 to $77.47
The health services company fell short of profit expectations and its guidance for next year did not win over investors.
LinkedIn Corp., down $13.86 to $209.59
The professional networking site released strong fourth-quarter results but indicated that its performance will weaken this year as management ramps up spending while revenue growth slows.
Lions Gate Entertainment Corp., up $1.38 to $33.11
Investors are eating up shares of the film company as "The Hunger Games: Catching Fire" continues to light up the box office.
The Gap Inc., up $2.29 to $42
The retailer issued a surprisingly strong profit outlook for its fourth quarter and comparable-store sales rose in January.
Activision Blizzard Inc., up $2.47 to $19.64
"Call of Duty" and "Skylanders" fueled a big fourth quarter at the gamemaker, which topped Wall Street's profit expectations.
Athenahealth Inc., up $34.85 to $173.93
The health care billing and services company saw margins expand and its earnings for the fourth quarter were better than expected.
Expedia Inc., up $9.31 to $74.45
Earnings at the travel website operator beat expectations by a margin wide enough to send shares higher across the sector.
Fairway Group Holdings Corp., down $3.31 to $8.12
The newly public company reported expenses that were much higher than most had anticipated, prompting a slew of downgrades.
© 2014 Star Tribune