Best Buy and Keurig 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:
Best Buy Co., 66 cents to $30.67
The electronics retailer reported disappointing quarterly sales and issued a cautious outlook for the key holiday shopping season.
UnitedHealth Group Inc., down $6.62 to $110.63
The health insurer cut its 2015 earnings forecast citing hits it expects to take from new public insurance exchanges.
Salesforce.com Inc., up $3.29 to $80.64
The customer-management software developer reported better-than-expected third quarter results and gave an upbeat outlook.
Raytheon Co., up $2.05 to $126
The defense contractor's board of directors approved a $2 billion stock buyback program and declared a quarterly dividend.
Intel Corp., up $1.14 to $34.30
The chipmaker said it expects its revenue to grow again next year and raised its quarterly dividend.
Keurig Green Mountain Inc., up $7.38 to $47.88
The maker of single-serve coffee brewing systems reported better-than-expected quarterly results and raised its dividend.
KaloBios Pharmaceuticals Inc., up $8.33 to $10.40
Executive Martin Shkreli of Turing Pharmaceuticals took a majority stake in the cancer drug developer.
SFXE Entertainment Inc., down 17 cents to 24 cents
The live and digital entertainment company's CEO withdrew his offer to buy all outstanding shares of the troubled company.