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Ralph Lauren and Netflix are big market movers

Published on NewsOK Modified: May 9, 2014 at 3:30 pm •  Published: May 9, 2014
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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.