Gap, Container Store, Time Warner make big moves
NEW YORK (AP) - Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq stock market:
NYSE
The Container Store Group Inc., down $2.96 to $4.22
The storage products retailer reported a surprise third-quarter loss and disappointing sales.
Gap Inc., down $3.83 to $22.91
The retailer's sales slumped in December deeper than analysts expected. The sluggishness included its Old Navy brand, which had been a bright spot for Gap.
Ford Motor Co., down 16 cents to $12.54
The automaker said it sold 1.1 million vehicles in China last year, a record. It also set a record in monthly December with almost 125,000 vehicles sold.
Synergy Resources Corp., down 58 cents to $6.58
The oil and gas company's fiscal first-quarter results fell short of analyst projections.
Time Warner Inc., up 97 cents to $71.17
The company said it renewed the contract of CEO Jeff Bewkes for three more years.
American Eagle Outfitters Inc., down $2.64 to $13.24
The teen retailer reported disappointing sales for the fourth quarter.
Nasdaq
Cirrus Logic Inc., up $1 to $27.80
The chipmaker's shares were boosted by an analyst upgrade.
WD-40 Co., up $3.01 to $97.59
The maintenance and cleaning product company raised its profit forecasts after it reported fiscal first-quarter results.