Citigroup and Intel 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:
Citigroup Inc., up $1.75 to $54.08
The financial services company will raise its quarterly dividend and buy back up to $7.8 billion shares after getting the green light from the Federal Reserve.
Box Inc., down $2.33 to $18.20
The online data storage company posted a bigger loss for its fourth quarter as it ramped up spending.
United Technologies Corp., up $2.90 to $121.24
The conglomerate is weighing options for its Sikorsky division, including a possible spinoff of the maker of Black Hawk and other helicopters.
Lumber Liquidators Holdings Inc., up $3.35 to $36.08
The company said it will pay for safety testing of laminate floors to address concerns raised in a "60 Minutes" report of high levels of formaldehyde.
Walt Disney Co., up $4.28 to $107.17
The company said it is developing a sequel to its hit "Frozen" movie and will release a new "Star Wars" movie in 2017.
Intel Corp., down $1.53 to $30.80
The chipmaker lowered its first-quarter revenue forecast, partly because of softer-than-expected demand for business desktop PCs.
Acadia Pharmaceuticals Inc., down $9.94 to $34.82
The biotechnology company will postpone seeking regulatory approval for its lead drug candidate and its CEO, Uli Hacksell, retired.
The Bon-Ton Stores Inc., up $1.18 to $5.87
The department store operator reported a boost in fourth-quarter profit and revenue, and an increase in sales at stores open at least a year.