Hershey and Groupon 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:
NYSE
The Hershey Co., down $2.47 to $89.73
The chocolate bar and candy company reported a second-quarter loss on charges and its revenue fell flat on weak China sales.
LSB Industries Inc., down $12.09 to $23.01
The chemical maker reported disappointing second-quarter profit and revenue as a plant outage and expired contract cut into sales.
Tetra Technologies Inc., up 19 cents to $5.19
The oil and gas services company reported better-than-expected second-quarter earnings and revenue and gave an upbeat outlook.
Cheniere Energy Inc., up $3.64 to $68.45
Activist investor Carl Icahn took an 8.2 percent stake in the company that owns a liquid natural gas terminal and pipeline in Louisiana.
Nasdaq
Groupon Inc., down 25 cents to $4.43
The online daily deal service met profit expectations but cut its sales forecast, laying part of the blame on a strong dollar.
Noodles & Co., down $2.49 to $12.65
The restaurant chain reported reported disappointing second-quarter results and cut its outlook.
Stamps.com Inc., up $18.33 to $84.40
The Internet-based postage company reported better-than-expected second-quarter profit and provided an upbeat outlook.
Iconix Brand Group Inc., down $4.68 to $14.92
The brand management company said that founder Neil Cole will step down and Peter Cuneo will take over as chairman and interim CEO.