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Suntech, Baidu, Joe's Jeans are big movers

Published on NewsOK Modified: July 16, 2013 at 4:39 pm •  Published: July 16, 2013
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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

HCA Holdings Inc., up $1.65 at $38.86

The hospital operator expects second-quarter profit and revenue to exceed last year's levels as its hospitals record more admissions.

Marathon Petroleum Corp., down $3.17 at $69.93

The oil refinery operator said its business is being hurt by renewable fuels laws, and it forecast disappointing second-quarter results.

Suntech Power Holdings Co. Ltd., up 11 cents at $1.51

Shares of the solar panel manufacturer rose a day after the Chinese government announced ambitious plans to expand solar power capacity.

Nasdaq

Tesla Motors Inc., down $18.21 at $109.05

A Goldman Sachs analyst set a price target for the electric car maker's stock of $84, well below the $127.26 the shares closed at on Monday.

Baidu Inc., up $4.10 at $105.69

The Chinese search engine said it would buy 91 Wireless, a distributor of smartphone applications and games, for $1.9 billion.

Del Frisco's Restaurant Group Inc., down $1.31 at $21.28

The owner of Del Frisco's Double Eagle Steak House restaurants is planning a secondary offering of 5 million shares of common stock.

Joe's Jeans Inc., down 39 cents at $1.47

The high-end jeans seller's second-quarter net income fell 17 percent, and it agreed to buy rival Hudson Clothing for $97.6 million.

Liquidity Services Inc., down $2.55 at $29.83

The company which runs auction sites such as liquidation.com lowered its adjusted earnings forecast for the fiscal third-quarter.