Sprint and Bank of America are big market movers
NEW YORK (AP) - Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Sprint Corp. (S), up 20 cents to $4.25
The telecommunications and wireless company plans to cut jobs and $2.5 billion in costs, according to The Wall Street Journal.
Bank of America Corp. (BAC), down 17 cents to $15.38
The bank's Merrill Lynch unit will face a shareholder lawsuit alleging a conflict of interest over its role in the $690 million sale of Zale Corp.
FedEx Corp. (FDX), up 81 cents to $145.52
Rival United Parcel Service Inc. is lobbying against the delivery service's buyout of TNT Express, according to media reports.
Supervalu Inc. (SVU), down 4 cents to $6.99
The grocery wholesaler and retailer said that President and CEO Sam Duncan will retire in February, at the end of the fiscal year.
T-Mobile US Inc. (TMUS), up 57 cents to $40.70
Hackers have stolen personal information belonging to about 15 million of the telecommunications company's wireless customers.
Barracuda Networks Inc. (CUDA), up $2.05 to $17.94
The cloud-based security and storage services provider said its board of directors approved a $50 million stock buyback program.
Nasdaq
Micron Technology Inc. (MU), up $1.14 to $15.91
The chipmaker reported a drop in fiscal fourth-quarter profit on lower revenue, but the results met Wall Street expectations.
Silver Standard Resources Inc. (SSRI), up 64 cents to $6.79
The gold and precious metals mining company signed a deal with Golden Arrow Resources Corp. to explore a plot in Argentina.