Bricks to clicks: J.C. Penney shares fell 5.8 percent to $6.46 Friday after it said it will close 130 to 140 stores and two distribution centers in the next few months. The company is trying to cut costs as it competes with online retailers.
Sales swoon: L Brands, the owner of Victoria’s Secret and Bath & Body Works, tumbled 16 percent to $49.19 Thursday after it said February sales have been weak, especially at Victoria’s Secret. The company said sales at older stores have dropped sharply. The stock finished the week at $50.99.
Discount surprise: Wal-Mart shares rose 3 percent to $71.52 Tuesday after the retailer said its profit fell 18 percent in the fourth quarter, but same-store sales were stronger than expected in the key holiday sales period. Wal-Mart shares finished the week at $72.39.
Laptop jump: HP Inc. shares rose 9 percent to $17.60 Thursday after it said it blew past analyst estimates in the fourth quarter thanks to a 10 percent jump in revenue from personal computers. The company said notebook sales jumped, which made up for lower printer revenue and flat desktop sales. The stock closed Friday at $17.65.
Price rise: The rising price of oil helped propel Devon Energy shares 3.1 percent to $45.53 Tuesday. Devon shares closed the week at $42.81.
Earnings miss: Newmont Mining dropped 4 percent to $36 Tuesday after the gold and copper miner reported a smaller-than-expected quarterly profit as costs and expenses jumped more than 51 percent. Newmont shares closed the week at $36.08.