American Greetings, Blyth, Jabil 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 Greetings Corp., up $2.48 at $16.82
The greeting card company said that a group led by its CEO and chief operating officer wants to buy it for about $581 million.
Blyth Inc., down $6.89 at $25.68
Blyth's ViSalus unit, which makes weight-loss products, withdrew its initial public offering due to uncertain market conditions.
Jabil Circuit Inc., down $2.07 at $18.90
Weaker demand and higher costs drove the electronic parts maker's fiscal fourth-quarter net income down 28 percent and resulted in a a disappointing forecast.
Synnex Corp., down $1.80 at $32.45
The back office support services company said that its fiscal third-quarter net income fell 10 percent on virtually flat revenue.
Capital Senior Living Corp., up 46 cents at $14.52
Citing future growth, a Raymond James analyst initiated coverage of the senior housing provider's stock with a "Strong Buy" rating.
Sucampo Pharmaceuticals Inc., up 19 cents at $4.72
The drug maker said the Food and Drug Administration agreed to conduct a faster review of Amitiza, a treatment for constipation.
Fortinet Inc., down 83 cents at $25.02
Yahoo Inc. said that it was hiring the security software company's chief financial officer for the same job at the Internet company.
Copart Inc., up 43 cents at $27.83
Shares of the automobile auctioneer hit an all-time high after posting fourth-quarter results that topped Wall Street expectations.