Michael Kors and Gap are big market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
Michael Kors Holdings Ltd., down $3.58 to $76.39
The apparel retailer said one of its principal founding stockholders is selling its remaining shares in the luxury retailer.
Gap Inc., down $1.94 to $44.65
The clothing and apparel retailer said sales at established stores and revenue fell in August and will pressure profit margins in September.
Dollar General Corp., down $1.47 to $63.01
Family Dollar rejected the rival discount retailer's latest $9.1 billion buyout offer and still plans to sell to Dollar Tree Inc.
Quicksilver Inc., down 70 cents to $2.13
The casual apparel retailer reported a third-quarter loss and the financial results fell short of Wall Street expectations.
Infoblox Inc., up 63 cents to $14.21
The networking technology company's financial results beat expectations and it provided better-than-expected revenue guidance.
Gilead Sciences Inc., down $1.50 to $105.36
Bloomberg News reported that the biotechnology company is close to a deal to bring low-cost versions of Solvadi to developing nations.
Ambarella Inc., up $1.13 to $36.90
The semiconductor company reported a boost in quarterly profit, beating Wall Street expectations, partly on camera chips.
Finisar Corp., down 86 cents to $17.51
The telecommunications technology company set a weaker-than-expected outlook, citing a downturn in demand for its products.
Keryx Biopharmaceuticals Inc., down 98 cents to $17.01
The company received U.S. approval for its pill to treat kidney disease complications but the clearance required unexpected safety warnings.