Best Buy and DSW are big market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Best Buy Co., up $3.68 to $32.95
The nation's largest consumer electronics chain posted fiscal second-quarter results that handily beat analysts' estimates.
Exelon Corp., down $2.24 to $30.40
Regulators in the District of Columbia rejected the proposed merger of the power company with Pepco Holdings Inc.
Medtronic PLC, down $1.03 to $69.88
The medical device maker will pay up to $458 million for a privately held company that is developing a heart valve replacement.
DSW Inc., down $3.52 to $27.35
The footwear and accessories retailer reported lackluster second-quarter profit and its revenue fell short of Wall Street forecasts.
Encana Corp., up 16 cents to $5.99
The energy company is selling its Haynesville natural gas assets in northern Louisiana to GEP Haynesville LLC for $850 million.
The Boeing Co., down $1.70 to $125.49
The aircraft maker raised its outlook for demand in China over the next several decades as that country's air travel market grows.
Nasdaq
Sanderson Farms Inc., down 6 cents to $67.84
The poultry producer reported lackluster fiscal third-quarter results as market prices for chicken remain low.
SolarCity Corp., down 24 cents to $43.63
Chairman Elon Musk spent $5 million on just over 123,000 shares to increase his stake in the solar energy systems maker.