CarMax, E-Trade, Microsoft, Research in Motion are among big market movers Friday

CarMax, E-Trade, Microsoft are big movers

NEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE:

CarMax Inc., up $2.22 at $15.31

Sales tumbled and its auto financing division posted a loss, but the auto retailer’s CEO said traffic rose and sales execution improved.

Sealy Corp., up 40 cents at $2.20

An analyst upgraded the mattress maker after it previewed second quarter results for investors ahead of its June 30 earnings report.

Wyndham Worldwide Corp., up $1.10 at $12.30

The hotel company backed its outlook for second-quarter profit, due July 29, after announcing the CFO’s departure without a replacement.

NASDAQ:

The South Financial Group Inc., down 6 cents at $1.30

In order to raise capital, the company is selling common stock and swapping securities, significantly diluting existing shareholders.

E-Trade Financial Corp., down 17 cents at $1.26

Standard & Poor’s cut a key longterm credit rating as the online brokerage priced a capital-raising stock offering at a discount.

Microsoft Corp., up 57 cents at $24.07

Investment bank Goldman Sachs added the software maker to its “Conviction Buy” list, commending several new product developments.

Research in Motion Ltd., down $3.77 at $72.78

The phone maker’s profit beat estimates, but its BlackBerry shipments outlook fell short and analysts noted increasing competition.

Smith & Wesson Holding Corp., up $1.10 at $6.03

The gun manufacturer said its fourth-quarter sales rose 20 percent in its fiscal fourth quarter, beating analysts’ expectations.