Deere, Zale, Scholastic are market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
Deere & Co., down $3.16 at $82.83
The farm and construction gear seller posted higher fourth-quarter results, but it still missed expectations of Wall Street analysts.
Skechers USA Inc., up $1.72 at $18.68
A Susquehanna analyst upgraded the shoe company's rating saying that its sales are improving and will continue to do so in 2013.
St. Jude Medical Inc., down $4.34 at $31.37
The Food and Drug Administration released a report that criticized the medical device maker's testing of its heart wires.
Zale Corp., down $2.23 at $5.21
The jewelry retailer, which operates Zales and Gordon's stores, reported a larger-than-expected loss for its fiscal first quarter.
Salesforce.com Inc., up $12.88 at $158.78
The provider of software for sales staff over the Internet posted third-quarter results that exceeded Wall Street forecasts.
Sturm, Ruger & Co. Inc., up $1.55 at $53.07
Shares of the gun maker continued to rise a day after the Southport, Conn., company declared a special dividend of $4.50.
Scholastic Corp., down $5.79 at $26.05
The children's book publisher cut its 2013 profit guidance because schools are holding back on orders, fearing federal spending cuts.
THQ Inc., down 15 cents at $1.10
The video game publisher said that its chief financial officer Paul Pucino has resigned. It is currently looking for a replacement.