Time Warner Cable, CBS are big market movers

Published on NewsOK Modified: February 13, 2014 at 3:35 pm •  Published: February 13, 2014
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NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Time Warner Cable Inc., up $9.50 to $144.81

Comcast Corp., the cable and media company, said it agreed to buy rival Time Warner Cable for about $45.2 billion in stock.

CBS Corp., up $2.76 to $64.61

The media company's shares hit an all-time high Thursday after reporting fourth-quarter earnings and revenue growth that beat expectations.

Skechers USA Inc., up $5.78 to $35.76

The footwear maker reported fourth-quarter earnings that beat Wall Street expectations due to higher demand for its shoes.

Orbitz Worldwide Inc., up $1.99 to $8.90

The online travel company posted a fourth-quarter profit, after posting a loss the year before, as customers booked more hotel rooms on its websites.

Cabela's Inc., down $5.55 to $64.26

The outdoor sporting goods company posted fourth-quarter results that missed Wall Street expectations as ammunition sales weakened.

Nasdaq

Whole Foods Market Inc., down $4 to $51.46

The organic and natural grocery chain reported fiscal first-quarter profit and revenue that fell below analysts' forecasts.

Cisco Systems Inc., down 58 cents to $22.27

The seller of routers and software said weaker revenue and special charges weighed down second-quarter profitability.

LiveDeal Inc., up $2 to $9.88

The online deals company expanded its website into New York, offering discounts for restaurants and bars in the city.


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