Staples, Big Lots, Best Buy are big movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
American Eagle Outfitters Inc., down $2.28 at $20.27
The teen retailer said that its fiscal fourth-quarter net income jumped 85 percent as it reduced inventory and sales improved.But its first-quarter outlook disappointed.
Maidenform Brands Inc., down $1.67 at $16.96
The intimate-apparel maker posted a disappointing 2013 outlook and said it will make changes to the business as competition increases.
Big Lots Inc., up $2.08 at $35.97
The discount retailer said its fourth-quarter net income rose 5 percent on strong sales in U.S. and Canadian stores.
Best Buy Co. Inc., up 35 cents at $18.75
A Jefferies analyst upgraded the electronics retailer's stock, predicting that it will cut costs and fix its business model.
BankUnited Inc., down $1.57 at $27
A regulatory filing revealed that the bank's CEO and other investors plan to sell 19.6 million shares in an underwritten offering.
The Fresh Market Inc., down $4.13 at $38.42
The grocery chain's fiscal fourth-quarter results and fiscal 2013 earnings forecast were below Wall Street expectations.
Staples Inc., down 95 cents at $12.34
Due to charges related to store closings, the office supplies company said its fourth-quarter net income fell 72 percent.
AeroVironment Inc., down $2.12 at $19.57
The defense company posted lower-than-expected third-quarter results and a weak outlook for the year due to government order delays.