JC Penney, Sears, Groupon are big movers

 
No Author Published: February 28, 2013    Comment on this article Leave a comment

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

NYSE


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J.C. Penney Co. Inc., down $3.59 at $17.57

The mid-priced department store chain reported another larger-than-expected loss in the fiscal fourth quarter and revenue fell.

Limited Brands Inc., up $1.02 at $45.52

The owner of Victoria's Secret and Bath & Body Works said that its fourth-quarter net income rose 14 percent thanks to rising sales.

Chico's FAS Inc., up 57 cents at $16.98

The women's clothing retailer said that its net income rose 26 percent in the fiscal fourth-quarter as it opened new stores.

Cablevision Systems Corp., down $1.48 at $13.99

The New York-based cable company posted higher fourth-quarter earnings, but its revenue fell below analysts' expectations.

Nasdaq

Sears Holdings Corp., down $2.47 at $45

Shares of the retailer fell after reporting a smaller fourth quarter loss and slightly higher sales at its namesake stores.

Groupon Inc., down $1.45 at $4.53

The online deals company ousted its CEO after reporting a larger fourth-quarter net loss and offering a weaker than-expected first-quarter revenue outlook.

The Wendy's Co., up 20 cents at $5.70

The hamburger chain said that its fiscal fourth-quarter net income grew more than six-fold as it continues to remodel its stores.

Monster Beverage Corp., up 84 cents at $50.46

The energy drink maker said that its fourth-quarter net income rose 5 percent as it started to sell its drinks in new markets.





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