Barnes & Noble, AOL, Whole Foods, Electronic Arts among big market movers Wednesday
By APWednesday, August 4, 2010
Barnes & Noble, AOL, Whole Foods among big movers
NEW YORK — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Barnes & Noble Inc., up $2.47 at $15.31
The country’s largest brick-and-mortar bookseller put itself up for sale as it struggles to adjust to readers’ shift to electronic books.
AOL Inc., up $1.63 at $22.75
The Internet company posted a net loss of more than $1 billion in the second quarter, and the decline in ad revenue accelerated.
Time Warner Inc., up 11 cents at $32.47
Strong box office results and a better advertising market helped left the media conglomerate’s quarterly profit.
ExpressJet Holdings Inc., up $3.29 at $6.57
Regional carrier SkyWest Inc. is buying the airline for more than double its closing stock price on Tuesday.
NASDAQ
Whole Foods Market Inc., down $3.33 at $36.16
The upscale grocer’s sales and margin growth is slowing, and a key revenue measure is decelerating in the fourth quarter.
Electronic Arts Inc., up $1.20 at $17.38
The video game publisher posted fiscal first-quarter results above Wall Street’s expectations and its own prior forecast.
Dendreon Corp., up $5.95 at $39.78
Sales of the company’s prostate cancer treatment Provenge are rising rapidly and it is increasing manufacturing capacity for the drug.
Research In Motion Ltd., down $2.14 at $53.39
Indonesia said it may follow the lead of Saudi Arabia and the United Arab Emirates in banning the services of the company’s BlackBerry phones.