ConAgra and Staples are big market movers

Staff Writer
Columbus CEO

NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

ConAgra Foods Inc., up $1.57 to $40.93

The food company is spinning off its frozen potato unit and refocusing on its core consumer brands as Conagra Brands Inc.

Target Corp., down $3.13 to $69.78

The retailer reported sales at established locations grew 1.9 percent in the third-quarter but that marked a slowdown.

Norfolk Southern Corp., up $5.52 to $92.49

Canadian Pacific says its wants to buy the railroad for an undisclosed amount to create a much larger transcontinental railroad.

Nasdaq

Fairchild Semiconductor International Inc., up $1.52 to $19.40

The chipmaker is being bought by rival ON Semiconductor for about $2.4 billion in cash in a move that further consolidates the sector.

Staples Inc., down 34 cents to $12.11

The office supplies retailer reported a drop in third-quarter profit and sales as it awaits clearance of its Office Depot buyout.

PMC-Sierra Inc., up 22 cents to $11.87

Microsemi Corp. again raised its buyout offer for the chipmaker in an ongoing bidding war against rival Skyworks Solutions.

Citrix Systems Inc., down $7.88 to $70.54

The computing company will cut about 1,000 jobs and spin off its GoTo business into a separate company in a move to cut costs.

Jack in the Box Inc., up $4.06 to $74.05

The burger chain reported worse-than-expected third-quarter results, but gave an upbeat 2016 profit outlook.