Men's Wearhouse, MGM, E-Trade are big movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:
The Men's Wearhouse Inc., up $5.55 at $34.62
The men's retailer announced plans to explore the possible sale of one of its weaker performing units, K&G clothing chains.
MGM Resorts International, up 84 cents at $13.25
The casino and hotel operator's biggest shareholder, Kirk Kerkorian, wants to raise his stake to up to 25 percent.
Suntech Power Holdings Co. Ltd., down 16 cents at 67 cents
The solar energy company's shares continued to fall as it approaches a debt payment, due Friday, that could force it into bankruptcy.
eBay Inc., up 82 cents at $51.80
An Evercore Partners analyst said that Wednesday's sell-off of the stock went too far and raised the e-commerce company's rating.
E-Trade Financial Corp., down 97 cents at $10.85
The online financial services company's biggest shareholder, Citadel, announced plans to sell the 27.4 million shares it owns.
Geron Corp., down 4 cents at $1.25
A Stifel analyst said that the drugmaker's development plan for a potential blood disorder treatment is "flawed and sluggish."
Preformed Line Products Co., down $1.78 at $68.07
The maker of equipment for energy and telecom networks said its fourth-quarter net income fell by 40 percent as expenses rose.
Vera Bradley Inc., down $2.30 at $22.59
The women's accessories company forecast results for its fiscal first-quarter and full-year that fell short of expectations.