J.C. Penney and Yum Brands are big market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
J. C. Penney Co. Inc., down 60 cents to $5.08
The retailer's first quarterly comparable-store sales increase in two years was not enough to win over Wall Street.
Michael Kors Holdings Ltd., up $13.24 to $89.91
Profits surged 77 percent during the latest quarter at the luxury retailer, which is aggressively promoting its brand to consumers.
Yum Brands Inc., up $5.90 to $72.06
The company that runs KFC, Taco Bell and Pizza Hut topped expectations for the quarter and stuck to earnings projections for 2014.
Pfizer Inc., up 84 cents to $31.44
A recent reorganization and potential for a new cancer drug should drive growth at the pharmaceutical, according to Jefferies & Co.
Microsoft Corp., down 13 cents to $36.35
Satya Nadella was named CEO of the software giant and founder Bill Gates stepped down as chairman to work more closely on technology.
Furiex Pharmaceuticals Inc., up $59.72 to $105.69
Shares of the pharmaceutical company more than doubled after its treatment for a form of irritable bowel syndrome did well in a late-stage study.
Take-Two Interactive Software Inc., down $1.84 to $17.06
The video game company reported a steep jump in profit and revenue, but its outlook for the quarter and full year were mixed.