American Eagle and Questcor are big market movers
PetSmart, Questcor, J.C. Penney, American Eagle and Galena Biopharma 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
American Eagle Outfitters Inc., down $1.62 to $14.76
Light traffic and a very weak forecast sent shares of the specialty retailer tumbling.
J.C. Penney Co. Inc., down 68 cents to $13.33
The retailer's stock slumped for a second day after the company posted its sixth-straight quarter of big losses. On the bright side, some believe it can't get any worse.
Lowe's Cos. Inc., up $1.73 to $45.81
The home-improvement store is riding a red-hot housing market as consumers spend on big-ticket items like appliances.
Nasdaq
PetSmart Inc., down $4 to $71
The pet store chain fell a little short on quarterly revenues, but its stock may also be feeling the downward gravitational pull of the retail sector
Questcor Pharmaceuticals Inc., up $2.88 to $67.83
BofA/Merrill upgraded the drugmaker's stock based on Acthar sales and outlook.
Staples Inc., down $2.57 to $14.27
Second-quarter profit tumbled 15 percent and the office supply retailer closed some stores as traffic declined.
Diamond Foods Inc., up $3.66 to $22.79
The snack food company may settle a securities lawsuit for about $96 million and it forecast better-than-expected revenue.
Galena Biopharma Inc., up 17 cents to $2.14
The biopharmaceutical company said Europe has granted a patent for NeuVax, used to treat breast cancer patients.