Honeywell and PPG tumble; Universal Insurance and Gap jump
NEW YORK (AP) - Stocks that moved substantially or traded heavily Friday:
Honeywell International Inc., down $8.67 to $106.94
The industrial conglomerate said shipments to businesses and aviation equipment makers are down and delays are hurting its military and space business.
PPG Industries Inc., down $8.46 to $93.73
The paint and coating maker forecast weak quarterly results and said it will try to cut more costs.
Universal Insurance Holdings Inc., up $2.83 to $22.34
Shares in the Florida-based property and casualty insurer rose as investors expected its losses from Hurricane Matthew won't be overwhelming.
Gap Inc., up $3.47 to $26.25
Sales at Gap's Old Navy business improved in September, which helped counter falling sales for Gap and Banana Republic.
Clovis Oncology Inc., down $6.36 to $29.41
Investors were disappointed with the drug developer's latest data for its potential cancer treatment rucaparib.
NextEra Energy Inc., up $3.71 to $121.74
The utility, which is the parent of Florida Power & Light, bounced back from recent losses.
Tyson Foods Inc., down $6.63 to $67.75
An analyst predicted a big drop in Tyson's stock because of a lawsuit that accuses Tyson and other companies of manipulating poultry prices.
First Solar Inc., down $2.17 to $37.58
A Goldman Sachs analyst downgraded her rating on the solar power company's stock and cut her profit projections.