Ralph Lauren and Netflix are big market movers
Ralph Lauren, Rocket Fuel, Netflix and Hilton are big market movers
NEW YORK (AP) -- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Ralph Lauren Corp., down $3.18 to $148.81
A weak sales outlook overshadowed strong fourth-quarter and annual earnings at the clothing maker, sending shares to a 52-week low.
Hilton Worldwide Holdings Inc., up 43 cents to $23.07
Rising room rates helped to more than triple first-quarter earnings and the hotel operator raised its outlook for the entire year.
Omnicom Group Inc., up $1.46 to $67.66
The company scrapped its planned $35 billion merger with France's Publicis Groupe that would have created the world's largest advertising firm.
The Gap Inc., up $1.28 to $40.52
Comparable-store sales jumped 9 percent last month, partially due to a holiday shift, but analysts see stronger sales ahead, too.
Nasdaq
Netflix Inc. up $6.89 to $328.55
The online entertainment company followed through on promised price hikes, pushing subscriptions up $1 per month for new members.
Rocket Fuel Inc., down $5.98 to $21.83
Wider losses at the advertising company triggered a pair of downgrades, with Goldman Sachs citing a decline in customer spending.
Jazz Pharmaceuticals PLC, down $4.24 to $129.45
Acquisitions and other costs dragged the biopharmaceutical company to a loss for the quarter and revenue did not rise as much as expected.
Scientific Games Corp., down $1.84 to $8.96
Rising expenses led to bigger losses at the gaming technology company, which fell short of Wall Street's quarterly expectations.