FedEx, Ford, Pulte, GameStop, Pier 1 among companies making big moves in stock market

FedEx, Ford, Pulte, GameStop are big movers

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

NYSE

FedEx Corp., down $3.22 at $82.72

The shipping company plans to cut 1,700 jobs to curb costs, but its outlook for the year fell short of expectations.

Ford Motor Co., up 57 cents at $12.44

A Barclays analyst upgraded the automaker’s rating because of its increased earnings, despite a weak U.S. auto market.

PulteGroup Inc., down 33 cents at $8.24

The homebuilder was a big decliner among housing stocks after a report showed a rise in foreclosures in August.

GameStop Corp., up 81 cents at $19.40

The video game retailer will buy back $300 million in stock and spend $200 million to cut its debt.

Cellu Tissue Holdings Inc., up $3.94 at $11.87

Clearwater Paper Corp. will pay $12 per share for the maker of consumer tissues and paper products.

Williams Cos. Inc., down 66 cents at $18.44

The natural gas company cut its earnings and capital expenditure forecasts because of lower-than-expected natural gas prices.

Pier 1 Imports Inc., up 52 cents at $8.48

The home decor retailer returned to profitability in its second quarter because of fewer clearance items and lower costs and inventories.

NASDAQ

MakeMyTrip Ltd., up $2.08 at $40.47

A Caris analyst was upbeat about the Indian online travel company’s growth prospects over the next several years.