AP News

Dr. Pepper Snapple, Amazon are big market movers


NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Dr Pepper Snapple Group Inc., up $1.09 to $49.99

The beverage maker released an aggressive financial outlook and improving core income from operations in the fourth quarter.

Owens Corning, up $3.46 to $43.20

The materials company reversed losses from a year ago in the fourth quarter on stronger sales and fewer expenses from cost cuts.

Lorillard Inc., down $2.48 to $47.47

Fourth-quarter profit fell 5 percent as higher costs offset an increase in revenue from both traditional and electronic cigarettes.

Cliffs Natural Resources Inc., up 49 cents to $21.99

Casablanca Capital, which is seeking to split up the miner citing its performance, nominated its own candidate to replace the CEO.

Nasdaq

Amazon.com Inc., down $12.54 to $349.25

UBS downgraded shares on of the online retailer, saying that it will have a tough time raising fees for its Prime service.

FireEye Inc., down $8.93 to $69.08

The outlook for 2014 from the computer security software company was not encouraging after a recent run-up in its stock.

Fossil Group Inc., up $4.10 to $121.06

A global push from the watch and accessories maker drove profits higher than expected during the most recent quarter.

TripAdvisor Inc., up $6.07 to $90.27.

RBC Capital upgraded the online travel service based on its outlook and potential for accelerating growth and ad revenue.


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