Wells Fargo, Infosys, Ecolab are market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
Wells Fargo & Co., down 93 cents at $34.25
The bank posted record earnings during its third quarter as the company increased mortgage lending and made more money from fees.
STMicroelectronics NV, up 36 cents at $6
Bloomberg News reported, based on unnamed sources, that the chipmaker may split into two companies. The chipmaker denied the report.
Ecolab Inc., up $2.57 at $66.24
The cleaning and pest-control services company is buying specialty chemical company Champion Technologies for about $2.2 billion.
Diamondrock Hospitality Co., down 53 cents at $9.06
The lodging real estate investment trust posted better third-quarter results, but issued fourth-quarter guidance below expectations.
Infosys Ltd., down $3.68 at $44.54
Due to falling demand for its services, the Indian technology company posted results in the last quarter that missed expectations.
Travelzoo Inc., down $3.48 at $20.02
The online travel company said that it expects its profit in the third quarter to shrink about 40 percent from a year ago.
JB Hunt Transport Services Inc., up $3.58 at $58.37
The trucking and logistics company's third-quarter profit rose almost 14 percent, even as its trucking business declined.
Xenoport Inc., down $1.26 at $10.65
A Piper Jaffray analyst downgraded the drugmaker saying its experimental multiple sclerosis drug is years away from approval.