Advance Auto Parts, Walgreen, Williams-Sonoma among big market movers Thursday

By AP
Thursday, May 20, 2010

Advance Auto Parts, Walgreen among big movers

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

NYSE:

Advance Auto Parts Inc., up $2.90 at $48.99

Analysts reaffirmed buy recommendations for the auto parts retailer

Williams-Sonoma Inc., up 78 cents at $29.22

The home decor and kitchen products retailer reported a first-quarter net income of $19.5 million in contrast to a loss a year ago.

Spectra Energy Corp., down $1.74 at $19.37

An analyst downgraded the company and said lower energy prices would cause it to fall short of its earnings guidance.

Walgreen Co., down $2.10 at $32.71

A Credit Suisse analyst issued a downgrade, citing slow movement on the company’s plan to cut costs and boost store productivity.

NASDAQ:

Aruba Networks Inc., up 47 cents at $12.04

The company, which makes equipment for wireless network providers, said its third-quarter loss narrowed, beating analyst estimates.

Hot Topic Inc., down 65 cents at $5.88

The mall-based retailer of clothes and accessories for teenagers posted a net loss for its fiscal first quarter as revenue declined.

Sears Holdings Corp., down $10.86 at $88.70

First-quarter net income fell 38 percent on thinner profit margins at its Sears chain, squeezed by heavy discounts on appliances.

Beacon Roofing Supply Inc., down $1.58 at $19.24

An analyst said tumbling oil prices could put pressure on the cost of asphalt for roofing shingles.

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