Petrobras, Target, Tibco Software among those companies making big stock market moves

Petrobras, Target, Tibco among big market movers

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

NYSE

Petroleo Brasileiro SA, down 67 cents at $34.92

Brazil’s state-run energy company, known as Petrobras, raised $70 billion in the world’s largest share offering ever.

Target Corp., up $1.28 at $55.05

The discount retailer will begin carrying six models of Apple Inc.’s popular iPad tablet this holiday shopping season.

KB Home, up 40 cents at $12.11

The homebuilder posted a narrower quarterly loss thanks to fewer charges and higher revenue, but its backlog shrank.

Dollar Thrifty Automotive Group Inc., down $1.31 at $51.03

Hertz Global Holdings said it would not top a bid from rival Avis Budget Group for the car rental agency.

Nike Inc., up $1.90 at $79.57

The athletic shoe and apparel maker reported quarterly net income that surpassed expectations despite rising costs.

NASDAQ

Tibco Software Inc., up $2.06 at $18.43

The business software maker posted stronger-than-expected quarterly results and bought software company OpenSpirit.

Finish Line Inc., down $1.44 at $14.25

The athletic goods retailer said its inventory levels were too low and its quarterly profit fell short of expectations.

Vical Inc., down 60 cents at $2.27

The drug developer priced a stock offering two days after a drug it discovered failed in a late-stage clinical trial.