Ann Taylor, Smucker, Genzyme are big movers
The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange:
NYSE:
Ann Taylor Stores Corp., up 62 cents at $13.44
The New York-based clothing retailer posted a second-quarter loss as sales fell and the retailer recorded restructuring costs.
J.M. Smucker Co., up $2.22 at $54.10
The maker of jams, jellies and Jif peanut butter said its fiscal first-quarter profit more than doubled and beat expectations.
Salesforce.com Inc., up $7.49 at $53.67
The maker of sales management softwares second-quarter results beat expectations and the company raised its full-year outlook.
Aeropostale Inc., up $3.67 at $39.55
An analyst said the teen apparel retailer is off to a strong back-to-school season after it posted a higher second-quarter profit.
D.R. Horton Inc., up 42 cents at $12.66
Shares rose after the National Association of Realtors said home resales posted the largest monthly increase in at least a decade.
NASDAQ:
Genzyme Corp., up $1.16 at $53.58
An analyst said the biotech firm will make a full recovery despite having to shut down a production facility because of contamination.
Brocade Communications Systems Inc., down 39 cents at $7.66
The networking equipment maker posted quarterly revenue below estimates, but analysts were unfazed and said fundamentals are solid.
Intuit Inc., down $2.23 at $28.62
An analyst downgraded the personal finance and business software maker a day after it posted a wider fourth-quarter loss.
Copyright 2009 AP News
