J.C. Penney, Disney, Genzyme, Petsmart, Agilent are among big market movers Friday
By APFriday, November 13, 2009
J.C. Penney, Disney, Genzyme are big movers
NEW YORK — The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange:
NYSE:
J.C. Penney Co., up $1.82 at $31.21
The department store retailer posted a 78 percent drop in its third-quarter earnings because of a big expense for its pension plan.
Abercrombie & Fitch Co., up $3.92 at $40.68
The preppy clothing seller will add new items at lower prices and continue expanding internationally to combat declining U.S. profit.
Agilent Technologies Inc., up $1.18 at $28.61
The scientific instrument maker posted a sharply lower fourth-quarter profit, hurt by restructuring charges and a revenue decline.
Walt Disney Co., up $1.39 at $30.44
The company posted a surprise jump in profit and announced an executive job switch that might point to a successor to CEO Robert Iger.
NASDAQ:
China Automotive Systems Inc., up 40 cents at $16.65
An analyst downgraded the company’s stock, noting that they climbed 40 percent since her Nov. 5 upgrade.
Myriad Pharmaceuticals Inc., up 53 cents at $5.81
The company reported a smaller fiscal first-quarter loss on lower research costs after it was spun off from Myriad Genetics Inc.
Genzyme Corp., down $3.89 at $49.28
Federal health regulators have found tiny particles of trash such as steel, rubber and fiber in drugs made by the biotechnology firm.
Petsmart Inc., up 97 cents at $25.67
Goldman Sachs upgraded the pet supplies retailer based on an expectation of higher sales and improved profitability.
Tags: New York, North America, United States