JC Penney and Mylan 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:
J.C. Penney Co., down $1.35 to $7.44
The department store operator's strong third-quarter sales weren't enough to ease investors' worries about the upcoming holiday shopping season.
Tyco International PLC, down $1.19 to $35.31
The fire protection and security company met Wall Street's fourth-quarter profit expectations, but revenue fell short of forecasts.
Nordstrom Inc., down $9.51 to $53.96
The retailer reported worse-than-expected third-quarter profit and lowered its full-year outlook, citing softer sales.
Cisco Systems Inc., down $1.62 to $26.21
The computer networking giant reported better-than-expected fiscal first-quarter profit, but gave a lackluster outlook.
Mylan NV, up $5.58 to $48.78
The drugmaker's $26 billion cash-and-stock hostile takeover bid was rejected by Perrigo shareholders.
Applied Materials Inc., up 71 cents to $17.24
The maker of chipmaking equipment reported better-than-expected fiscal fourth-quarter profit.
El Pollo Loco Holdings Inc., down $1.32 to $10.20
The fast-food chain reported better-than-expected third-quarter profit, but its revenue fell short of Wall Street expectations.
Fossil Group Inc., down $18.62 to $32.39
The watch and accessories maker lowered its profit outlook, adding to evidence that retailers may be in for a tough holiday season.