AbbVie and Costco are big market movers
NEW YORK (AP) - Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
AbbVie Inc., down $3.41 to $56.86
The drug developer will boost its portfolio by spending $21 billion in a cash-and-stock deal to buy drugmaker Pharmacyclics Inc.
Joy Global Inc., down $2.19 to $39.94
The mining equipment maker reported worse-than-expected fiscal first-quarter results and issued a weak outlook.
The Kroger Co., up $4.66 to $74.31
The supermarket operator reported better-than-expected fourth-quarter profit and provided a solid full-year outlook.
H&R Block Inc., down $1.41 to $32.01
The tax preparer said it processed fewer returns in its fiscal third quarter than it did a year ago.
Nasdaq
Costco Wholesale Corp., up $4 to $151.17
The warehouse club operator reported better-than-expected fiscal second-quarter profit.
Second Sight Medical Products Inc., up $2.16 to $17.07
The maker of implantable visual prosthetics said that two centers in Italy successfully completed implants of the Argus II.
Semtech Corp., down $2.99 to $26.30
The chipmaker's fourth-quarter results beat Wall Street expectations but its outlook for the current quarter disappointed.
Pacific Ethanol Inc., up $2.42 to $11.75
The ethanol and renewable fuels producer reported better-than-expected fourth-quarter profit and revenue.