Finish Line, Xyratex, Mindspeed are market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
American Eagle Outfitters Inc., up 75 cents at $23.46
The teen retailer said that its board declared a special cash dividend of $1.50 and a regular quarterly dividend of 11 cents.
Demand Media Inc., up 55 cents at $10.68
An analyst at B. Riley & Co. initiated coverage of the Internet publisher's stock with a "Buy" rating, citing its improving content.
Trina Solar Ltd., up 24 cents at $4.47
The Chinese solar panel maker said that it is cutting an undisclosed number of jobs as part of a broader cost-saving initiative.
Finish Line Inc., down $1.06 at $23.45
A Sterne, Agee & Leach analyst downgraded the sneaker retailer's stock saying that it may lose market share to rival Foot Locker.
Coffee Holding Co. Inc., up $1.36 at $8.70
Thanks to stronger sales, the coffee roaster and dealer said that its profit grew more than sixfold for its most recent quarter.
United Natural Foods Inc., up $2.88 at $58.12
A Canaccord analyst reiterated his "Buy" rating on the food distributor's stock and increase its price target to $63 from $58.
Mindspeed Technologies Inc., up 72 cents at $3.28
The chipmaker boosted its revenue forecast for the fiscal fourth-quarter to above what Wall Street analysts were expecting.
Xyratex Ltd., down $1.09 at $9.65
Due to falling demand, the data storage provider said that it expects a steeper decline in its fiscal third-quarter revenue.