AP News

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:

NYSE

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.

Nasdaq

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.


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