Gap and Ruby Tuesday are big market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:
The Gap Inc., down $5.23 to $36.67
The clothing retailer said that its CEO Glenn Murphy will resign early next year. Gap's digital leader Art Peck will replace him.
Ruby Tuesday Inc., up 90 cents to $6.82
The casual restaurant operator reported a smaller-than-expected adjusted loss for its fiscal first quarter.
PepsiCo Inc., down 37 cents to $93.57
The soda and snack maker's stock reached an all-time high — before retreating late in the day — after it said third-quarter profit rose on higher overseas sales.
Kindred Healthcare Inc., up $1.01 or $20.75
The nursing home operator plans to buy home health care provider Gentiva Health Services Inc. for about $719.6 million.
Apple Inc., up 22 cents to $101.02
Activist investor Carl Icahn is trying to get the iPhone maker to buy back more of its shares to help boost the stock's value.
Auxilium Pharmaceuticals Inc., up $2.68 to $32.44
Ireland's Endo International said it is buying the pharmaceutical company in a sweetened cash-and-stock deal worth $2.6 billion.
Impax Laboratories Inc., up $2.81 to $26.65
The specialty drugmaker will pay $700 million to buy Tower Holdings Inc., whose companies make generic drugs and branded pharmaceuticals.
Zumiez Inc., up $1.68 to $30.23
The teen retailer had a good back-to-school season: A key sales measure was up 6.6 percent in September from a year ago.