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Dick's and Aeroflex are big market movers

Published on NewsOK Modified: May 20, 2014 at 3:25 pm •  Published: May 20, 2014
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NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Dick's Sporting Goods Inc., down $9.56 to $43.60

Weak golf and hunting equipment sales dragged on the sporting goods store, which fell short of first-quarter expectations.

The Home Depot Inc., up $1.46 to $77.96

Investors overlooked meager earnings after the home improvement store said it will make up for the sales lost during winter storms.

Aeroflex Holding Corp., up $2.11 to $10.42

British military contractor Cobham PLC will buy the wireless communications company in a deal worth almost $1.5 billion.

Edwards Lifesciences Corp., down $1.33 to $85.15

The medical tools maker announced a patent settlement with Medtronic and positive test results for a catheter used in the aortic valve.

Nasdaq

Staples Inc., down $1.68 to $11.71

First-quarter earnings tumbled 43 percent as the office supply chain closed down store locations in a shift toward online sales.

Urban Outfitters Inc., down $3.19 to $32.98

Industry analysts trimmed estimates and price targets on the teen retailer and its shares hit an annual low after its earnings report.

Dendreon Corp., up 17 cents to $2.31

The drugmaker says testing shows its prostate cancer drug "elicits an immune response associated with an overall survival benefit."

Red Robin Gourmet Burgers Inc., up $7.95 to $71.80

Comparable-store sales jumped 5.4 percent, driving the company's revenue up 11 percent in the first quarter and surprising Wall Street.


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