Fitbit, Etsy and Zagg surge, Kate Spade and Crocs tumble
NEW YORK (AP) - Stocks that moved substantially or traded heavily on Wednesday:
Fitbit Inc., up $1.77 to $14.93
The fitness tracker maker's stock rebounded from steep losses over the last year after it reported strong quarterly results.
Etsy Inc., up $1.13 to $13.84
The online crafts marketplace said second-quarter sales were better than expected and raised its sales and other projections for the year.
Zagg Inc., up 67 cents to $7.03
The mobile device accessory maker posted an adjusted profit while analysts expected a loss, and sales were better than expected.
Hanesbrands Inc., up 89 cents to $45.50
The underwear, t-shirt and sock maker posted disappointing results for the second quarter.
Crocs Inc., down $2.56 to $8.44
The footwear company reported weak sales in the second quarter and said it expects overall revenue to shrink this year.
Kate Spade & Co., down $3.67 to $16.47
The clothing, handbag and accessories accompany disclosed weak results and lowered its estimates for the year.
American International Group Inc., up $3.96 to $58.10
The insurance company led financial stocks higher after its strong second-quarter report.
IntercontinentalExchange Group Inc., up $14.09 to $278.02
The owner of the New York Stock Exchange said it will split its stock 5-for-1 and buy back $1 billion in shares.