RadioShack and Trina Solar are big market movers
NEW YORK, N.Y. - Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
J.C. Penney Co. Inc., up 33 cents to $8.29
Standard & Poor's Ratings Service removed its negative outlook on the retailer's credit rating, citing the stabilization of its business.
RadioShack Corp., down 47 cents to $2.25
After a bigger-than-expected quarterly loss, the electronics retailer said that it would close up to 1,100 stores in the U.S.
Trina Solar Ltd., up $1.63 to $16.38
The solar panel maker sees demand in the Middle East and Asia rising by as much as 47 per cent this year with prices stabilizing.
Abercrombie & Fitch Co., up $2.61 to $41.68
Credit Suisse upgraded the teen retailer, saying that it is attending to structural changes in the industry with its online push.
Delta Air Lines Inc., up $1.86 to $34.45
Domestic demand and more flights over the Atlantic drove a key measure of the carrier's revenue higher in February.
Gentiva Health Services Inc., down $1.09 to $9.74
The community care and hospice services company said that it closed 46 branches during the fourth quarter and consolidated 31.
WebMD Health Corp., down 65 cents to $43.98
Stifel Nicolaus stripped the health information website of its "Buy" rating, saying there may be weaker advertising revenue ahead.
Ascena Retail Group Inc., down 61 cents to $18.26
Industry analysts are optimistic about attempts by the retailer to rejuvenate sales, but believe that it could take some time.