KB Home, Darden, RIMM are market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
KB Home, up $2.15 at $15.26
The Los Angeles-based homebuilder said that its net orders and the number of homes delivered rose during its third quarter.
Darden Restaurants Inc., up $2.49 at $57.21
The operator of the Olive Garden and Red Lobster restaurant chains said that its fiscal first-quarter net income rose 4 percent.
Mastercard Inc., up $5.34 at $459.52
A Citi analyst raised his rating and price target for the payments processor, saying that consumer spending is stabilizing.
Research In Motion Ltd., down 45 cents at $6.46
The BlackBerry maker said that its service crashed in Europe, the Middle East and Africa. It fixed the issue after a few hours.
Apple Inc., up $1.39 at $700.09
Shares of the technology company hit an all-time high during the day as consumers lined up outside stores to get their hands on the iPhone 5.
Microvision Inc., down 33 cents at $2.23
The developer of energy-efficient, high-resolution drivers for miniature video displays, said its chief financial officer resigned.
Wet Seal Inc., up 4 cents at $3.15
A Roth Capital Research analyst gave the teen retailer's stock a "Buy" rating saying that the company is on track for a turnaround.
TIBCO Software Inc., up 47 cents at $30.33
The business software provider said that its net income rose 11 percent in the fiscal third quarter because of higher sales.