Sybase, Wendy’s/Arby’s, Sprint Nextel, Sony, Kohl’s among big market movers Thursday
By APThursday, May 13, 2010
Sybase, Wendy’s/Arby’s are active movers
NEW YORK — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Sybase Inc., up $8.08 to $64.22
Germany’s SAP is paying $5.8 billion for the cell phone software maker to better compete with rival Oracle.
Wendy’s/Arby’s Group Inc., down 15 cents to $4.94
The fast-food chain posted a quarterly loss as customers shrugged off Arby’s new dollar menu and $5 meal deals.
Sprint Nextel Corp., up 31 cents to $4.46
The wireless carrier announced a new prepaid plan exclusive to Wal-Mart and the launch date of its first “4G” phone.
Sony Corp., down $1.71 to $31.53
PlayStation 3 maker Sony Corp. stayed in the red last quarter, hurt by a strong yen and lower electronics sales.
Kohl’s Corp., down $3.34 to $53.81
The discount department store retailer raised its full-year outlook, but the forecast missed analyst expectations.
NASDAQ:
Whole Foods Market Inc., up $2.25 to $42.50
Stronger sales helped the natural and organic grocery chain more than double its second-quarter net income.
Cisco Systems Inc., down $1.21 to $25.53
The world’s largest maker of computer networking equipment posted a solid profit and forecast, but investors hoped for more.
Urban Outfitters Inc., down $2.63 to $36.78
The teen clothing retailer’s 72 percent jump in quarterly profit only narrowly beat Wall Street’s expectations.
