Walgreen and Vertex are big market movers

Published on NewsOK Modified: June 24, 2014 at 3:25 pm •  Published: June 24, 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

Walgreen Co., down $1.25 to $72.48

The drugstore chain's third-quarter profit jumped 16 percent on a revenue boost, but the results fell short of expectations.

Navistar International Corp., up 81 cents to $38.35

The commercial truck and engine maker plans to turn its current poison pill takeover defense into a tax-asset protection plan.

Carnival Corp., down $1.18 to $38.23

The cruise operator forecast a weaker-than-expected third-quarter profit as it faces increased competition and higher costs.

Best Buy, up 49 cents to $29.06

Morgan Stanley initiated coverage of the consumer goods retailer, saying the company has never been more competitive with Amazon.

Nasdaq

Vertex Pharmaceuticals Inc., up $26.92 to $93.53

The drug developer's potential cystic fibrosis treatment met key goals in a study and the company will ask for FDA approval.

Web.com Group Inc., down $6.90 to $27.70

The web domain services company faces the potential for tougher competition as Google Inc. moves to offer similar services.

Micron Technology Inc., up $1.24 to $32.50

The semiconductor company beat third-quarter profit expectations and offered a strong outlook for the rest of the year.

Zillow Inc., down $1.68 to $132.30

The real estate information company is trading near its peak as the Commerce Department reported that sales of new U.S. homes rose in May to the highest level in six years.